The Following Table Summarizes Six Potential Customers' Ages and Willingness

question 52

Multiple Choice

The following table summarizes six potential customers' ages and willingness to pay for a solo skydiving experience from SkyMasters.The aircraft has room for eight people,including the pilot and skydiving instructor.The marginal cost of adding each additional passenger is $100.SkyMasters holds significant market power for its region.
Use this information to answer the following questions:

-Assume that SkyMasters follows the profit-maximizing rule and that the company charges a single price for skydiving.What would the company's total revenue be?

• A) $1,650
• B) $1,500
• C) $1,000
• D) $900
• E) $600

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Definitions:

Self-Worth

An individual's belief in their own value or worthiness, often seen as a critical component of mental health.

Self-Concept

refers to how individuals perceive, evaluate, and think about themselves, including beliefs and feelings about their attributes.

Self-Awareness

A person’s conscious understanding of who he or she is.

Self-Importance

is the perception or belief regarding one's own value, significance, or superiority, which can influence attitudes and behaviors but may also lead to egocentrism or narcissism.