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September 21, 2014

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

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