If an airline overbooks it pays people who volunteer to leave the overbooked flight. This system is better than drawing randomly from a hat the people who should miss the flight because
A. it is quicker and helps keep the flight on schedule.
B. it gives everyone a chance to get money they hadn't counted on.
C. those with the least to lose are the ones who miss the flight.
D. it is the most equitable way of solving the situation.
Answer: C
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Refer to the table above. What is the total revenue when the monopolist charges a price of $6?
A) $1,550 B) $1,800 C) $2,150 D) $3,200
Would a corporation seeking to raise capital sell its new shares on the stock market? If not, why not?
What will be an ideal response?
In which year was our misery index the lowest?
A. 1953 B. 1973 C. 1978 D. 1981
One strategy for long-term profit maximization is
A. being the lowest-price competitor. B. utilization of private business incubators. C. innovation. D. offering consistently higher prices.