Both question..please For April 2021, the actual cost per ASM (available seat mile) for Southwest Airlines was 12.39 (from OST R| BTS Transtats). Using this as our best estimate of marginal cost, and assuming the price elasticity of demand is -3.5, find the profit maximizing air fare for Southwest Airline.O A. $15.55.O B. $21.35.O C. $32.45.O D. $45.75.O E. $55.25. Your authors discuss the case of Microsoft and Apple. Microsoft's success over Apple, although Apple had a technologically superior product, is the result of:O A. Microsoft's economies of scale over a wide range of output.O B. the revenue sources derived from Microsoft's intellectual property.O C.increasing returns in a network-based business.O D. superior marketing and promotions.O E. all of the above.

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For April 2021, the actual cost per ASM (available seat mile) for Southwest Airlines was 12.39 (from OST R BTS Transtats ). Using this as our best estimate of marginal cost, and assuming the price elasticity of demand is -3.5, find the profit maximizing air fare for Southwest Airline. O A. $15.55. O B. $21.35. O C. $32.45. O D. $45.75. O E. $55.25.

For April 2021, the actual cost per ASM (available seat mile) for Southwest Airlines was 12.39 (from OST R BTS Transtats ). Using this as our best estimate of marginal cost, and assuming the price elasticity of demand is -3.5, find the profit maximizing air fare for Southwest Airline. O A. $15.55. O B. $21.35. O C. $32.45. O D. $45.75. O E. $55.25.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 21P

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