Problem
Air traffic congestion is a major problem at the municipal airports of many major cities. Some economists have suggested that charging à higher usage price, particularly during peak traffic periods (8-10 A.M. and 5-8 P.M.), would improve the situation. What impact would the higher fees have on the:
a. Scheduling of flights?
b. Number of landings and takeoffs during heavy traffic periods?
c. Fuel wastage and other costs of circling the airport?
d. Number of small private planes using major airports?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.