Which of the following is a reason why airline yield management is an effective method to increase revenue?
A) because airlines have successfully induced customers to reveal their resources and preferences by offering them different versions of the product such as business class and coach plane tickets
B) because airlines have a monopoly in long-distance carriage
C) because a ticket is a contract to transport a specific person, and is not transferable
D) because airlines have invested heavily in developing computer models that identify optimal pricing strategies in the various market segments
C
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Monetary policy has one clear advantage over fiscal policy by virtue of its very short
A) data lag. B) data and recognition lags. C) legislative and transmissions lags. D) effectiveness lag.
In a perfectly competitive market:
A. firms are price setters. B. firms produce the quantity for which marginal cost equals price. C. firms can increase profits by charging a price higher than the market price. D. buyers are price setters.
The number of U.S. made products demanded in Europe ________ as the dollar-per-euro exchange rate ________ , other things constant, so more euros will be supplied on the foreign exchange market to buy dollars
a. increases; increases b. does not change; decreases c. decreases; increases d. does not change; increases
If Kami can produce 40 portable power banks or 30 cellphones during a month's time, while Sally can produce 10 portable power banks or 20 cellphones, then it is correct to state that
A) Kami has a comparative advantage in producing portable power banks. B) Kami has a comparative advantage in producing both portable power banks and cellphones. C) Sally has a comparative advantage in producing both portable power banks and cellphones. D) Sally has an absolute advantage in portable power banks.