Scenario 15-5 An Airline Knows That There Are Two Types of Travelers

question 101

Multiple Choice

Scenario 15-5
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 $20,000, which includes the cost of the pilots, flight attendants, fuel, etc.
-Refer to Scenario 15-5. How much profit will the airline earn if it sets the price of each ticket at $600?

• A)-$5,000
• B)$15,000
• C)$40,000
• D)$60,000

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Definitions:

Behavioral Expectations

These are societal, cultural, or personal standards of behavior that individuals are assumed to follow in various social settings.

Negligent Parents

Caregivers who fail to provide adequate attention, supervision, or care to their children, leading to potential harm or developmental issues.

Supervision

The act of overseeing and directing work or workers.

Authoritarian

Pertaining to a governing or leadership style characterized by absolute or dictatorial control, often with little regard for individual freedom or input.