If each seat ticket costs 500 how many customers must fly


Question - Economics Airlines currently spends $20,000 per month in airport fees and $10,000 per flight for fuel, crew, and airplane maintenance. Economics Airlines currently offers 5 flights from State College to Detroit and is considering offering a 6th. If each seat ticket costs $500, how many customers must fly on the 6th flight in order for Economics Airlines to be willing to run it?

Solution Preview :

Prepared by a verified Expert
Microeconomics: If each seat ticket costs 500 how many customers must fly
Reference No:- TGS02468690

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)