MidCoast Airlines provides charter airplane services. In October, when the company is operating at 60% of its capacily, it receives a bid from the local college. The college is organizing a trip for a student group. The college budgeted only $46,000 for round-trip airfare. MidCoast Airlines normally charges between $66,000 and $76,000 for such service. MidCoast determines its total cost for the round-trip flight to Washington to be $62,600, which consists of the following. Although the manager at MidCoast supports the college's educational efforts, she is struggling to justify accepting only $46,000. (a) What is the contribution margin from accepting the offer? (b) Should the airline accept the $46,000 offer from the college? Complete this question by entering your answers in the tabs below. What is the contribution margin from accepting the offer