Distances to Major Cities (air miles) 1 2 3 Tokyo Seoul Hong Kong Seattle 4,785 6,639 5,166 Fixed Cost is: $25,450 per flight Non fuel Variable Cost is: $12.50 per passenger Fuel variable cost for average weight and baggage per customer is: $ .012 cents per mile You will be flying a: 747-8 Intercontinental or 747-81, will be capable of carrying up to 467 passengers 1)What is the breakeven price per ticket for a fully loaded plane? 2) If your airline wants to achieve 50% gross operating margin, what ticket price per passenger must it charge for a plane at 50% capacity? 3) Assume you have priced the first 234 tickets with the assumptions of no. 2 above. How would you price the remaining capacity and why