Ajumbo jet carrying 400 passengers is priced higher than a 250-passenger model even though both aircraft cost the same to manufacture.Compared to the 250-passenger model, the jumbo jet carrying 400 passengersO A. has a higher marginal revenue product because it's marginal product is smaller.O B. has a higher marginal revenue product because the marginal revenue from an additional ticket for a seat on one of its flights is higher.O C. has a lower marginal revenue product because it's average cost per seat is lower.O D. has a higher marginal revenue product because it's marginal product is larger.O E. has a higher marginal revenue product because the marginal revenue from an additional ticket for a seat on one of its flights is lower.

The marginal product of an input is the change in output which results from employment of one more…

Answered: Ajumbo jet carrying 400 passengers is…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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