Question 9 1/1 pts (11.7). An airline has been collecting data to estimate demand for flights between Greenville, South
Posted: Thu May 05, 2022 6:33 am
- Question 9 1 1 Pts 11 7 An Airline Has Been Collecting Data To Estimate Demand For Flights Between Greenville South 1 (36.16 KiB) Viewed 35 times
price discrimination (based on information it receives through its
partners during online booking), how many tickets does it sell, and
what is its profit?
Question 9 1/1 pts (11.7). An airline has been collecting data to estimate demand for flights between Greenville, South Carolina, and Seattle, for which it would be the only provider. It has estimated this demand to be p = 1,000 - 2q. The total cost (in dollars) of this flight is TC(q) =50,000+20q. If the airline cannot discriminate, what price does it charge, how many tickets does it sell, and what is its' profit? q=205, p=$310, profit-$125,600 q=245, p=$510, profit-$70,050 q=245, p=$310, profit-$70,050 q=205, p=$510, profit=$125,600