Fli-By-Nite Airlines has 1,000 customers.These customers are of two types.Day customers are willing to pay $700 for a flight that has a daytime departure and arrival but only $200 for a flight on the red-eye.Night customers will pay $500 for a flight that has a daytime departure and $300 for a flight on the red-eye.You are the manager for Fli-By-Nite and are unable to determine whether any given individual is a day customer or a night customer.Can you think of a self-selection mechanism that would permit you to identify day and night customers?

Question

Quizplus · Accepted Answer

The Answer of Fli-By-Nite Airlines has 1,000 customers.These customers are of two types.Day customers are willing to pay $700 for a flight that has a daytime departure and arrival but only $200 for a flight on the red-eye.Night customers will pay $500 for a flight that has a daytime departure and $300 for a flight on the red-eye.You are the manager for Fli-By-Nite and are unable to determine whether any given individual is a day customer or a night customer.Can you think of a self-selection mechanism that would permit you to identify day and night customers?

Fli-By-Nite Airlines Has 1,000 Customers