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c) RentravPlane Inc. has agreed to charter one of its planes to take a group of tourists from Melbourne to Cairns. The tourists will return

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c) RentravPlane Inc. has agreed to charter one of its planes to take a group of tourists from Melbourne to Cairns. The tourists will return to Melbourne by car, and hence they do not require the plane for the return trip. Rentra-Plane Inc. needs to return its plane to Melbourne within one day after its arrival in Cairns. Rentva~Plane Inc. is approached by a group who are interested in ying one way on its plane from Cairns to Melbourne. The manager of RentwaPlane wants to charge a price to that group that will cover the opportunity cost. The cost of fuel (that does not vary with number of passengers) is $5300 each way. The cost of wages to pilots is $1,0UU each way. The cost of wages to other ight crew is $1130!) each way if there are passengers and $509 each way if there are no passengers. Where passengers have traveled the cost of cleaning the plane is $1130. What is the minimum amount the manager should be willing to accept to rent the plane to travel from Cairns to Melbourne? Explain your reasoning

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