Scenario 14-5 An Airline Knows That There Are Two Types of Travelers

question 133

Multiple Choice

Scenario 14-5
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 14-5.How much profit will the airline earn if it engages in price discrimination?

• A) -$5,000
• B) $40,000
• C) $55,000
• D) $75,000

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Definitions:

Peritubular Capillary Network

A network of tiny blood vessels that surround the tubules in the kidneys, involved in reabsorption and secretion.

Glomerular Filtration

Movement of small molecules from the glomerulus into the glomerular capsule due to the action of blood pressure.

Amino Acids

Organic compounds containing amine and carboxyl functional groups, serving as the building blocks of proteins.

Liver

A large and vital organ in vertebrates responsible for numerous functions including detoxification, protein synthesis, and production of biochemicals necessary for digestion.