Levels Tought:
Elementary,Middle School,High School,College,University,PHD
Teaching Since: | Apr 2017 |
Last Sign in: | 235 Weeks Ago, 2 Days Ago |
Questions Answered: | 12843 |
Tutorials Posted: | 12834 |
MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
The regular air fare between Boston and San Francisco is $500.
An airline flying 747s
with a capacity of 380 on this route observes that they fly with an average of 300
passengers.
Market research tells the airlines' managers that each $20 fare reduction
would attract, on average, 20 more passengers for each flight.
How should they set the
fare to maximize their income?
Why?
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