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garri49 [273]
3 years ago
6

Economics Airlines currently spends $20,000 per month in airport fees and $10,000 per flight for fuel, crew, and airplane mainte

nance. Economics Airlines currently offers 5 flights from State College to Detroit and is considering offering a 6th. If each seat ticket costs $500, how many customers must fly on the 6th flight in order for Economics Airlines to be willing to run it?
a. 60
b. 20
c. 10
d. 40
Business
1 answer:
Kamila [148]3 years ago
3 0

Answer:

b. 20

Explanation:

For 5 flights per month

Total Cost = Variable cost + Fixed cost

Total Cost = Fuel, crew, and airplane maintenance cost + Airport fee

Total Cost = (5 X 10000) + 20,000 = $70,000

For 6 flights per month

Total Cost = Variable cost + Fixed cost

Total Cost = Fuel, crew, and airplane maintenance cost + Airport fee

Total Cost = (6 X 10000) + 20,000 = $80,000

Additional Cost for 6th flight = $80000-70,000 = $10,000

Minimum No. of Passenger to cover the cost = Additional cost / Ticket price per seat

Minimum No. of Passenger to cover the cost = $10,000 / $500 = 20 seats passengers.

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Pani-rosa [81]

<u>Answer:</u>

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<em></em>

<u>Explanation:</u>

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7 0
4 years ago
HELP IM TIMED!!!!!!!!!
lutik1710 [3]

Answer:

F

Explanation:

7 0
3 years ago
27) Cooley Landscaping Company needs to borrow $30,000 for a new front-end dirt loader. The bank is willing to loan the funds at
viva [34]

Answer:

The annual payment at the end of each year: $4,572.23

Explanation:

The formular for calculating Present value of Annuity is applied in this case to help us find the equal annual payment.

Applying information in the question, we have the annuity that have:

n= 10 as there are 10 equal annual payments paid at the end of each year during 10 years;

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7 0
3 years ago
How much is a $2 dollar bill worth
seraphim [82]
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Hope this helps :)
5 0
3 years ago
Read 2 more answers
Devin is a landscaper who needs to prepare different types of grass seed for his customers' yards. Bluegrass seed costs $2.00 pe
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Answer:

7 pounds

Explanation:

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Assume

x  = 1 pound of bluegrass seed

y = 1 pound of drought resistant seed

Our first equation considers the number of pounds

x + y = 25

y = 25 - x

For the combined bluegrass seeds and thought resistant seeds bought

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2x + 3y = 68

Substitute value of y in equation 2

2x + 3(25 - x) = 68

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x= 7

So the amount of bluegrass seed is 7

We can also get the amount of drought resistant seed from equation

7 + y = 25

y = 18

3 0
4 years ago
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