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Airlines operates a plane with 20 first-class seats and 100 coach-class seats. During December, on a given flight there are 20 business travelers and 80 vacation travelers.

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Question

irlines operates a plane with 20 first-class seats and 100 coach-class seats. During December, on a given flight there are 20 business travelers and 80 vacation travelers. Sloan cannot tell which is which when they purchase tickets. Each type of traveler?s maximum willingness to pay is given by;First Class Coach Class;Business $1,300 $500;Vacation $400 $250;Assume all costs are sunk.;Is the following, true, false, or do you need more information? Airlines should charge $1,300 for a first class ticket;Additional Requirements

 

Paper#15771 | Written in 18-Jul-2015

Price : $22
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