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.
-Assume that SkyMasters, Inc. follows the profit-maximizing rule and that the company charges a single price for skydiving. Calculate the company's total revenue.
A) $1,650
B) $1,500
C) $1,000
D) $900
E) $600
Correct Answer:
Verified
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