Suppose the cost of flying a 100-seat plane for an airline is $50,000 and there are 10 empty seats on a flight. The average cost per seat is
a. $50.
b. $500.
c. $50,000.
d. This cannot be determined from the information given.
b
Economics
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What is the discounted value of $60,000 to be received after six years, if the ongoing rate of interest is 6% per annum?
A) $41,212.84 B) $42,297.63 C) $44,666.95 D) $51,220.64
Economics
If income in Austria decreases by 30 million euros and consumption decreases by 24 euros, then the MPC equals
A. 0.90. B. 0.80. C. 0.60. D. ?0.60.
Economics
Most income tax revenues are collected by _____
a. the federal government b. state governments c. county governments d. city governments
Economics
Attractive industries have all the following attributes, except
a. High supplier power b. Low buyer power c. High entry barriers d. Low rivalry
Economics