The Following Table Summarizes Six Potential Customers' Ages and Willingness

question 52

Multiple Choice

The following table summarizes six potential customers' ages and willingness to pay for a solo skydiving experience from SkyMasters.The aircraft has room for eight people,including the pilot and skydiving instructor.The marginal cost of adding each additional passenger is $100.SkyMasters holds significant market power for its region.
Use this information to answer the following questions:

-Assume that SkyMasters follows the profit-maximizing rule and that the company charges a single price for skydiving.What would the company's total revenue be?

• A) $1,650
• B) $1,500
• C) $1,000
• D) $900
• E) $600

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Definitions:

Runny Nose

The excessive discharge of mucus from the nasal passages, often a symptom of colds, allergies, or other irritations.

Incubation

The period between exposure to an infection and the appearance of the first symptoms.

Prodrome

An early symptom or set of symptoms that might indicate the start of a disease before specific symptoms occur.

Convalescence

The period of recovery and rest following illness, injury, or medical treatment.