11. Give several examples of direct (variable) expenses and of xed-overhead expenses. What is the relationship between...

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11. Give several examples of direct (variable) expenses and of fixed-overhead expenses.

What is the relationship between ASMs and RPMs? Given a fixed fleet of aircraft and other resources in the short run, why do ASMs increase at a decreasing rate up to some maximum limit? Why does the total revenue curve bend, finally reach a peak, and then drop off?

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