The airline's employee costs per flight include $500 each for the pilot and copilot, and $200 for each flight attendant. The law requires airlines to have at least one pilot, copilot, and flight attendant for each flight. Fuel for the flight is expected to cost $8000, and the cost of catering food is $1 for each item purchased. 6th attempt O See Hint Part 1 (4 points) The airline earns 40000 If one flight attendant is staffed for the flight, the airline pays 200 If the airline has three flight attendants for the flight, the firm earns s in revenue from tickets and S 500 from in-flight purchases. in fixed costs. profit. VIEW SOLUTION SUBMIT ANSWER 3 OF 17 QUESTIONS COMPLETED 28 MacBook Pro FIO esc F3 F5 F6 F7 F2 3 4 5 6 7 8 9

The airline's employee costs per flight include $500 each for the pilot and copilot, and $200 for each flight attendant. The law requires airlines to have at least one pilot, copilot, and flight attendant for each flight. Fuel for the flight is expected to cost $8000, and the cost of catering food is $1 for each item purchased. 6th attempt O See Hint Part 1 (4 points) The airline earns 40000 If one flight attendant is staffed for the flight, the airline pays 200 If the airline has three flight attendants for the flight, the firm earns s in revenue from tickets and S 500 from in-flight purchases. in fixed costs. profit. VIEW SOLUTION SUBMIT ANSWER 3 OF 17 QUESTIONS COMPLETED 28 MacBook Pro FIO esc F3 F5 F6 F7 F2 3 4 5 6 7 8 9

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A regional airline sells 200 tickets to NYC for an average price of $200 one way. Half of the people on the flight will purchase a meal for $5.

The airline's employee costs per flight include $500 each for the pilot and copilot, and $200 for each flight attendant. The law requires airlines to
have at least one pilot, copilot, and flight attendant for each flight. Fuel for the flight is expected to cost $8000, and the cost of catering food is $1
for each item purchased.
6th attempt
O See Hint
Part 1 (4 points)
The airline earns 40000
If one flight attendant is staffed for the flight, the airline pays 200
If the airline has three flight attendants for the flight, the firm earns s
in revenue from tickets and
S 500
from in-flight purchases.
in fixed costs.
profit.
VIEW SOLUTION
SUBMIT ANSWER
3 OF 17 QUESTIONS COMPLETED
28
MacBook Pro
FIO
esc
F3
F5
F6
F7
F2
3
4
5
6
7
8
9

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