The airline has average of 40 passengers paying an average, Ask an Expert

Economics

Problem:

Airline is flying between two cities. The airline has the subsequent costs associated with the flight:

Crew $4000

Plane daily depreciation $2000

Fuel $1000

Plane daily insurance $2000

Landing fee $1000

The airline has average of 40 passengers paying an average of $200 for this flight. Do you believe the airline must be flying between the two cities? Assess from the short-run and long-run perspective.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M910543

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