Lofty Airlines Has a Flight for Which the Regular Ticket

question 82

Multiple Choice

Lofty Airlines has a flight for which the regular ticket price is $200 and the variable costs per passenger are $50. Fixed costs assigned to each flight are $12,000. Each flight has a capacity of 125 seats, with an average of 95 seats sold at the regular price. To attract customers to the last 30 unsold seats, Lofty discounts the tickets by 50% for standby passengers. The contribution margin per standby passenger is

• A)$25
• B)$50
• C)$100
• D)$150

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Definitions:

Monozygotic Twins

Twins that are genetically identical as they were formed from a single fertilized egg that split into two, sharing 100% of their DNA.

Homozygous

Describes an organism that has two identical alleles for a particular trait or gene.

Heterozygous

Having two different alleles for a particular gene, one inherited from each parent, which can lead to variation in genetically determined traits.

Polygenic

Describing a trait or condition influenced by multiple genes, contributing to the complexity of genetic inheritance and variations in phenotype.