The average cost per seat on the 50-passenger Floating on Air Bus Company’s trip from Kansas City to St. Louis,…

Catherine Owens only
July 21, 2021
Budgeting with Real Options
July 21, 2021

The average cost per seat on the 50-passenger Floating on Air Bus Company’s trip from Kansas City to St. Louis,…

The average cost per seat on the 50-passenger Floating on Air Bus Company’s trip from Kansas City to St. Louis, on which no refreshments are served, is $50. In advance of a particular trip, 2 seats remain unsold. What is the MINIMUM price the bus company should charge for each of the 2 seats to increase its profit? Explain briefly your answer. Do not forget to give a minimum price.
 
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