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 the company charges a single price for skydiving.What would the company's profit be?
A) $1,050
B) $1,000
C) $700
D) $600
E) $550

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 the company charges a single price for skydiving.What would the company's profit be?
A) $1,050 
B) $1,000 
C) $700 
D) $600 
E) $550

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 the company charges a single price for skydiving.What would the company's profit be?
A) $1,050 
B) $1,000 
C) $700 
D) $600 
E) $550

The Following Table Summarizes Six Potential Customers' Ages and Willingness