December 1, 2015

Homework Help: Microeconomics

Posted by Jamie on Wednesday, January 23, 2008 at 9:57pm.

Suppose that flying a 200-seat plane across country costs the airline $100,000. Thus, the average cost of each sear is $500. A plane is about to take off with 10 empty seats. Astandby passenger is waiting at the gate willing to pay $300 for a seat. Should the airline sell it to him? Explain. Should the airline sell him the seat for $50? Explain

Answer this Question

First Name:
School Subject:

Related Questions

More Related Questions