The Accompanying Table Summarizes Six Potential Customers' Willingness to Pay

question 99

Multiple Choice

The accompanying table summarizes six potential customers' willingness to pay for a solo skydiving experience from SkyMasters, Inc. The aircraft has room for eight people, including the pilot and skydiving instructor. The marginal cost of adding each additional passenger is $100. Use this information to answer the questions. $\begin{array}{ll}\text { Customer }&\text { Maximum Wilingness to Pay }\\\text { Harold } & \$ 400 \\\text { Leslie } & \$ 350 \\\text { Jay } & \$ 300 \\\text { Kisten } & \$ 250 \\\text { Ivana } & \$ 200 \\\text { Matt } & \$ 150\end{array}$
-Assume that SkyMasters, Inc. follows the profit-maximizing rule and that the company can charge only one price. What should that price be?

• A) $400
• B) $350
• C) $300
• D) $250
• E) $200

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Definitions:

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The process of admitting an individual to a psychiatric facility without their consent, typically for their safety or the safety of others.

Court-appointed Psychiatrist

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