I need help with this

II: Suppose you work as a chief executive officer (CEO) for an airline. One of your airline's Wide-body alrcrafts 15 operated with a two-class configuration that has: 500 economy seats and 200 business seats. (15 points) On the route that this wide-body aircraft is operated, the airline's marginal cost per passenger (pax) is $1,000 in economy and $1,500 in business. The airline's internal data shows that the willingness to pay (WTP) of leisure pax for travelling in economy is $2,000, while their WTP for travelling in business is $4,500; meanwhile, the WTP of the business pax for travelling in economy is $2,500, while their WTP for travelling in business is $10,000. Finally, the airline charges different prices for economy and business, and there are more pax with WTP's as specied above than there are seats in each class. m certied capacity for this wide-body aircraft is 500 seats in economy, the airline cannot further increase the number of seats in this class. However, if the airline would deliberately further degrade its service in economy (by e.g., offering less tasty food, slowing down the checkin process, and so on), thus effectively transforming economy into misery, internal estimates show that the WTP of the leisure pax for travelling in misery-class would be $1,800, while the WTP of the business pax to travel in niisery would be $3,000. The following table summarizes the information. No. of WTP & MC / type of pax Economy seats] ax . l ' Leisure .ax WTP $1 800 $2 000 - $2 500 $3,000 $4,500 , $10,000, _ $1,000 $1,500: B Marinal cost oer DEX $1 000 Because the maximu 112) Your sole objective as CEO is to maximize the prot for the airline. Under this. assumption, would you as the CEO prefer to deliberately damage your servrce in. economy? That is, would you prefer to update your offering from [economy and business] to [misery and business]? Justify your