Zero turbulence airline provides air transportation services between los angeles, california, and kona, hawaii. a single los angeles to kona round-trip flight has the following operating statistics: fuel $7,000 flight crew salaries 3,200 airplane depreciation 3,480 variable cost per passenger—business class 140 variable cost per passenger—economy class 120 round-trip ticket price—business class 800 round-trip ticket price—economy class 300 it is assumed that the fuel, crew salaries, and airplane depreciation are fixed, regardless of the number of seats sold for the round-trip flight. a. compute the break-even number of seats sold on a single round-trip flight for the overall enterprise product, e. assume that the overall product mix is 10% business class and 90% economy class tickets. total number of seats at break-even seats b. how many business class and economy class seats would be sold at the break-even point? business class seats at break-even seats economy class seats at break-even seats

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; how many employees will be needed for jobs in the coming period;

answer; ///pegged exchange rate with the united states;