What price will it charge and how many tickets will it sell

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Reference no: EM133341766

Question: Delta Airlines is working on pricing its own flights between Detroit Metro Airport and Minneapolis-St. Paul Airport. Over years of flying the route, Delta knows that the weekly demand curve it faces for business class tickets on its own flights can be estimated by P = 4250 - 10Q, where Q is number of tickets and P is in dollars per ticket. Delta's marginal cost for each passenger it flies is $250. a. [2 points] Assuming Delta can only set a single price for business class tickets, what price will it charge? How many tickets will it sell? What will its weekly profits be?

Reference no: EM133341766

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