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

Question

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

Quizplus · Accepted Answer

The Answer of 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

The Following Table Summarizes Six Potential Customers' Ages and Willingness