Which airline has lower costs

Assignment Help Business Economics

Reference no: EM1367617

Q. Two small airlines provide shuttle service between Las Vegas and Reno. Services are alike in every respect except that Fly Right bought its airplane for $500,000, while Fly by Night rents its plane for $30,000 a year. If Fly Right were to go out of business, it would be able to rent its plane to another airline for $30,000. Which airline has lower costs?

Reference no: EM1367617

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