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3 March, 21:07

Scenario 15-5 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. Refer to Scenario 15-5. How much profit will the airline earn if it sets the price of each ticket at $300

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  1. 3 March, 21:27
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    Profit = $25000

    Explanation:

    Giving the following information:

    Tere are 100 business travelers who will pay $600 for a ticket while 50 vacationers will pay $300 for a ticket. T

    There are 150 seats available on the plane.

    The cost to the airline of providing the flight is $20,000.

    Price = $300

    Profit = ($300*150) - 20000 = $25000
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