profit will the airline earn if it sets the price of each ticket at $600?

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An airline knows that there are two types of travelers: business travelers and vacationers. For a pa Show more 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 $20000 which includes the cost of the pilots flight attendants fuel etc. a. How much profit will the airline earn if it sets the price of each ticket at $600? b. How much profit will the airline earn if it sets the price of each ticket at $300? c. How much profit will the airline earn if it engages in price discrimination? Show less

 

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