How would her trip plan and total cost change

Assignment Help Microeconomics
Reference no: EM13879934

A Boston-based middle manager recently received an exciting e-mail offer from American Airlines. Because of her long-time loyalty, she is eligible to obtain LIFETIME Platinum elite status on American if she fulfills a special "challenge"-flying 20,000 miles and 12 segments between October 1 and December 31. She covets the perks that come from Platinum status: priority check-in and boarding, lounge access, 100 percent bonus on miles flown. The challenge is definitely doable; she has friends and family to visit in Los Angeles (5,200 miles roundtrip), Miami (2,520 miles), and Durham, North Carolina (1,224 miles)-all of which have American direct flights from Boston. (Each roundtrip counts as two flight segments.)

a. She is ready to book her trips, and the cheapest American roundtrip fares to the three cities are $425, $300, and $200, respectively. How should she plan her numbers of trips to these destinations to meet the mile and segment challenge at minimum total cost? Using a spreadsheet and optimizer, formulate and solve her linear program. (In the optimizer menu, be sure to include the constraint that the number of trips to each destination must be an integer.)

b. How would her trip plan and total cost change if 25,000 flown miles were required? What if only 10 segments (and 20,000 miles) were needed?

Reference no: EM13879934

Questions Cloud

Explain the difference between management : Explain the difference between management responsibility and the company external auditors responsibility regarding the company internal controls under Section 404 of the Sarbanes Oxley Act.
Incorporating developmental change theories in social work : Overview of the theories and concepts informing social work practice using knowledge of both individual and family developmental change in engagement, assessment and collaborative planning with a family
Analyze legal versus ethical considerations : Analyze legal versus ethical considerations related to facility design for your selected facility.
Boiling point of water : A scheme for concurrently heating separate water and air streams involves passing them through and over an array of tubes, respectively, while the tube wall is heated electrically. To enhance gas-side heat transfer, annular fins of rectangular pro..
How would her trip plan and total cost change : How would her trip plan and total cost change if 25,000 flown miles were required? What if only 10 segments (and 20,000 miles) were needed?
Explain the relationship between section 401 of the sarbanes : Explain the relationship between Section 401 of the Sarbanes Oxley Act and the concept of transparency.
When was the legislation passed and signed into law? : When was the legislation passed and signed into law?
Why can auditors no longer be involved in helping : Why can auditors no longer be involved in helping their audit clients establish accounting information systems?
Furnace used for annealing steel : A quartz window of thickness L serves as a viewing port in a furnace used for annealing steel. The inner surface (x = 0) of the window is irradiated with a uniform heat flux q;: due to emission from hot gases in the furnace.

Reviews

Write a Review

Microeconomics Questions & Answers

  What would happen to the companys revenues

The question related to Economics, mainly to Macroeconomics and the question is explain about multinational corporations and the payments and receipts made in foreign currency and its effect on the corporation's real income.

  Describe the innovation life cycle proposed by abernathy

Describe the innovation life cycle proposed by Abernathy and Utter back. Does the model provide a useful tool to guide and manage the innovation process? Do you see any weak points in the model?

  Elain how circular flow diagram shows interaction of

define the following termsa. gross domestic product gdpb. realnbspgdpc. national incomed. gdp deflatordescribe how the

  Compute expenditure schedule and determine the equilibrium

in an economy with no government sector investment is 1000 net exports are 100 and the consumption function isincome

  Find the quantity of each g0od

Find the quantity of each g0od where the cost of m0n0polish is minimum

  Which individual invests more in schooling

Assume there is an imperfect capital market. Draw a graph to show the optimal years of schooling for an individual with high access to funds but of low ability and an individual with low access to funds but with a higher ability level. Which ind..

  Economic scenario of us

The U.S. is in recession and, at last report, GDP was shrinking at a rate of 1% per year. The unemployment rate is rising and now stands at 7%. In recent months, the rate of inflation has been holding steady and is increasing at an annual rate ..

  Question about monopoly theory

Since a monopoly is the only source of supply, customers are entirely at its mercy. There is no limit to the price the monopoly can charge.

  Calculate the change in deadweight loss

Calculate the change in deadweight loss if the U.S. replaces a prohibitive tariff per unit on imported wine by an equal production subsidy per unit of wine sold by U.S. producers.

  Select two real-world companies in different industries one

choose two real-world companies in different industries one that you feel faces elastic demand and one that you feel

  Inter-temporal production possibilities

Determine which of the following nations would you expect to have intertemporal production possibilities biased toward current consumption goods,

  Market in terms of the supply and demand curve

What is the equilibrium Price and Quantity in the market and now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd