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9 October, 07:46

An airline knows that there are two types of travelers: business travelers and vacationers. For a particular flight, there are 100 business travelers who will pay $600 for a ticket while there are 50 vacationers who will pay $300 for a ticket. There are 150 seats available on the plane. Suppose the cost to the airline of providing the flight is $20,000, which includes the cost of the pilots, flight attendants, fuel, etc. How much profit will the airline earn if it sets the price of each ticket at $600? a. - $5,000b. $15,000c. $40,000 d. $60,000

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  1. 9 October, 09:30
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    10. Refer to Scenario 15-1. How much profit will the airline earn if it sets the price of each ticket at $600?

    a. - $5,000

    b. $15,000

    c. $40,000 d. $60,000

    11. Refer to Scenario 15-1. How much additional profit can the airline earn by charging each customer their willingness to pay relative to charging a flat price of $600 per ticket?

    a. $15,000

    b. $25,000

    c. $40,000 d. $70,000
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Home » Business » An airline knows that there are two types of travelers: business travelers and vacationers. For a particular flight, there are 100 business travelers who will pay $600 for a ticket while there are 50 vacationers who will pay $300 for a ticket.
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