Question: Explain the relationship between supply and demand, equilibrium, and breakeven. Describe the type of fare actions. Why are there so many types of fares? Explain

Explain the relationship between supply and demand, equilibrium, and breakeven.

Describe the type of fare actions. Why are there so many types of fares?

Explain the difference between indirect and direct costs. Give examples of each.

What are fixed and variable costs and how are they the same or different from direct

and indirect costs?

Explain the difference between high yield spill and low yield spill.

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