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 the company charges a single price for skydiving. Calculate the company's profit.
A) $1,050
B) $1,000
C) $700
D) $600
E) $550
Correct Answer:
Verified
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