The Average Cost Per Seat on a Bus Trip from Montreal

question 154

Multiple Choice

The average cost per seat on a bus trip from Montreal to Toronto is $140. Suppose no refreshments are served and 3 seats are empty. How could the bus company increase its profit?

• A)if it charged no less than $140 for the 3 remaining seats
• B)if it charged more than $140 for the 3 remaining seats
• C)if it charged any ticket price above $0 for the remaining seats
• D)if it left the seats empty

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Definitions:

Factory

A building or complex where goods are manufactured or assembled primarily by machine.

Finished Goods

Items that have finished being made but haven't been purchased by buyers yet.

Production Jobs

Tasks or operations related to the manufacturing or production process within an organization, often categorized by specific roles or assignments.

Profit

The financial gain realized when the amount of revenue gained exceeds the expenses, costs, and taxes needed to sustain the operation.