Multiple Choice
If the marginal cost of flying the next flight is zero and one passenger is on the plane and has paid $50,
A) fixed cost would still be covered.
B) the passenger should be given a bus ticket.
C) losses would get bigger.
D) the next flight should be flown.
Correct Answer:
Verified
Correct Answer:
Verified
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Q17: Strategic behavior is a result of the
Q18: When a firm is a price maker<br>A)price
Q19: Firms make a profit when they equate
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