Question
You own a small airplane that holds a maximum of 20 passengers. It costs you $100 per flight from St. Thomas to St. Croix for
You own a small airplane that holds a maximum of 20 passengers. It costs you $100 per flight from St. Thomas to St. Croix for gas and wages plus an additional $6 per passenger for the extra gas required by the extra weight. The charge per passenger is $30 each if 10 people charter your plane (10 is the minimum number you will fly), and this charge is reduced by $1 per passenger for each passenger over 10 who travels (that is, if 11 fly they each pay $29, if 12 fly they each pay $28, etc.). What number of passengers on a flight will maximize your profit?
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