NASA only charged $378 million for the use of the space shuttle to fix the HubbleTelescope. The Space Shuttle Program at NASA had an annual budget of $4.6 billion andwas averaging four launches per year. Simple division put the average cost of a space shuttlelaunch at $1.15 billion. However, $4 billion of NASA's $4.6 billion budget was for fixedcosts. If a shuttle mission was not undertaken, NASA could avoid $44 million in launch andmission costs.Based on this information, what was the profit or loss for NASA of charging $378 million?(Enter your answer as a simple number without a $ sign. If your answer is in millions or billions,enter the entire number. If it is a loss, put a negative sign before your answer. If it is a profit, simplyenter the number.)

Step 1:To calculate the profit or loss, we can subtract the total cost from the revenue gained:Total…

Answered: NASA only charged $378 million for the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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