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Leya [2.2K]
3 years ago
7

3. An airline company operates a plane between ATL and DC. This plane has 120 seats for economy class with two price tiers: low

fare at $250 and high fare at $420. The low fare seats target for travelers and there is an unlimited demand from travelers. So seats o ered at $250 will always be sold out. The high fare seats target for business travelers and the company believes that the number of business travelers for this route follows Poisson with mean 20. As business travelers plan for their travels in the last minute, any seats assigned to business travelers must be remained and cannot be o ered to travelers. How many seats should be assigned to the business travelers to maximize the revenue?
Business
1 answer:
Vitek1552 [10]3 years ago
5 0

Answer: 20 seats

Explanation:

The optimal number of business travellers will be the mean of Poisson distribution i.e 20, since the number of business travellers follows Poisson distribution. Which means that the probability that there will be 20 business travellers will be higher than all other numbers.

Therefore 20 seats must be assigned to business travellers to maximize the revenue.

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2 years ago
Cadmia, a small island nation, recently revised its income-tax law. The new law sought to increase taxes on wealthy corporations
Shalnov [3]

Answer:

Distributive justice

Explanation:

Distributive justice - it is referred to as a system of justice that ensures every citizen will get equal opportunity, ensure the basic right to all, ensure that for an equal amount of work equal amount of pay will be given.

In the same way, in Cadmia by new income tax law, the government ensured that every citizen will get equal opportunity and this will decrease the inequality on the island.

3 0
3 years ago
The periodic expensing of an asset over the property's theoretical economic life is referred to as what
Charra [1.4K]

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8 0
3 years ago
In BCG portfolio analysis, products in low-growth markets that have received heavy investment and now have excess funds availabl
Helen [10]

Answer:

c) cash cows

Explanation:

Cash cows -

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Hence from the question data , the correct answer is cash crows .

6 0
3 years ago
An employee earns $5,550 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $127,200
omeli [17]

Answer:

The amount the employer should record as payroll taxes expense for the employee for the month of January is $695.75

Explanation:

According to the given, The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 4.4%.

The remainder are taken out of the employees' checks as part of their responsibility.

Therefore, to calculate the amount the employer should record as payroll taxes expense for the employee for the month of January we would have to make the following calculation:

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Total payroll expense=$695.75

The amount the employer should record as payroll taxes expense for the employee for the month of January is $695.75

3 0
3 years ago
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