Airlines have both fixed and variable costs. fixed costs are constant and do not change regardless of the amount of business. examples are the lease of airlines, the maintenance of airline-owned or leased terminals, interest on borrowed money, insurance, and pensions. variable costs tend to rise and fall with the volume of sales or number of flights. they include:

As bob is driving on an exit off the freeway, he comes to a stop light and sees a homeless man asking people for spare change. “see, he’s a perfect example of why we shouldn’t be giving welfare benefits to the homeless,” bob mutters to his wife. “he’s too lazy to get a job, but he’s healthy enough to beg people for their hard-earned money all day long.” what are the sample and the target in bob’s argument? are there any inductive fallacies present in bob’s reasoning (bias, hastiness, appeal to anecdotal evidence, self-selection)? if so, explain why. if not, explain why not.