menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 8: Output, Price, and Profit: the Importance of Marginal Analysis
  5. Question
    Tour Companies and Cruise Lines Often Offer Last Minute Fares
Solved

Tour Companies and Cruise Lines Often Offer Last Minute Fares

Question 133

Question 133

Essay

Tour companies and cruise lines often offer last minute fares that are far below the prices paid by customers who have booked their trips far in advance.Use marginal analysis to explain this pricing tactic.

Correct Answer:

verifed

Verified

The answer rests on the marginal cost an...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q128: ​ <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="​ -The

Q129: Most business people calculate marginal cost and

Q130: The goal of the business firm is

Q131: If a firm has determined its optimal

Q132: A profit-maximizing firm always<br>A)sells its output at

Q134: Net benefit is equal to total benefit

Q135: A firm is generally more interested in

Q136: The rule of equating marginal benefit with

Q137: In reality, decisions made by firms may

Q138: Figure 8-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 8-5

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines