Answer:
10. Refer to Scenario 15-1. How much profit will the airline earn if it sets the price of each ticket at $600?
a. -$5,000
b. $15,000
c. $40,000 d. $60,000
11. Refer to Scenario 15-1. How much additional profit can the airline earn by charging each customer their willingness to pay relative to charging a flat price of $600 per ticket?
a. $15,000
b. $25,000
c. $40,000 d. $70,000
Explanation: