Refer to Figure 16.4. Suppose the government assigns property rights to the residents of Playa Del Rey, then the airlines and the residents engage in negotiations. The resulting efficient level of air travel is
A) 0 units. B) 100 units. C) 120 units. D) indeterminate from the given information.
Under an activity-based system where budgeted costs have been used, it is necessary to include the cost of unused capacity, when estimating and reporting profit.