An Airline Is Trying to Decide If Flying from Miami $C =$

question 62

Short Answer

An airline is trying to decide if flying from Miami to Tampa is profitable enough to continue this route. For each daily flight, they must have at least 5 first class passengers and 16 coach passengers to make a profit. They cannot have more that 49 passengers on board due to capacity regulations. Draw a graph representing the number of first-class and coach passengers the airline can have to still be profitable. A) $C =$ coach passengers,
$F =$ first-class passengers.


B) $C =$ coach passengers,
$F =$ first-class passengers.

C) $C =$ coach passengers,
$F =$ first-class passengers.


D) $C =$ coach passengers,
$F =$ first-class passengers.

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Definitions:

Supply Curve

A graphical representation showing the correlation between the price of a good or service and the amount that suppliers are willing to produce and sell at each price level.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and able to buy at a specific price point during a certain timeframe.

Quantity Supplied

The sum total of a product or service that manufacturers are ready and capable of offering for sale at a particular price during a defined timeframe.

Oropharynx

The middle part of the throat behind the mouth, which includes the back one-third of the tongue, tonsils, and soft palate.