14. Explain which of the following is a fixed cost or a variable cost for Southwest Airlines. a. The cost of jet fuel used in its airplanes. b. The monthly rent on its Dallas, Texas headquarters. c. The yearly lease payments on its current inventory of Boeing 737 jets. d. The cost of peanuts it serves to passengers. e. The salary paid to Laura Wright, Southwest's Senior Vice President of Finance and Chief Financial Officer. f. The gate rental fees it pays to McCarran International Airport in Las Vegas, Nevada.

14. Explain which of the following is a fixed cost or a variable cost for Southwest Airlines. a. The cost of jet fuel used in its airplanes. b. The monthly rent on its Dallas, Texas headquarters. c. The yearly lease payments on its current inventory of Boeing 737 jets. d. The cost of peanuts it serves to passengers. e. The salary paid to Laura Wright, Southwest's Senior Vice President of Finance and Chief Financial Officer. f. The gate rental fees it pays to McCarran International Airport in Las Vegas, Nevada.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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