American Airlines makes numerous nonstop flights from Chicago's O'Hare Airport to the airport at Dallas-Fort Worth. The distance between those two cities is 1,000 miles. The only variable cost, fuel, costs $.06 for each passenger-mile it flies. Bob, on his way to an emergency business meeting, buys a ticket in coach class for $1,300 at the very last minute. The marginal cost of flying Bob from Chicago to Dallas-Fort Worth is:
A) $60.
B) $160.
C) $600.
D) $1,300.
Correct Answer:
Verified
Q62: Exhibit 7-9 Cost schedule for firm X
Q63: Exhibit 7-10 Short-run cost schedule for book
Q64: Exhibit 7-11 Short-run cost schedule for pizzeria's
Q65: Exhibit 7-12 Cost schedule for producing pizza
Q66: Exhibit 7-9 Cost schedule for firm X
Q68: Use the table below to answer the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents