Lofty airlines has a flight for which the regular ticket price is $200 and the variable costs per passenger are $50. fixed costs assigned to each flight are $12,000. each flight has a capacity of 125 seats, with an average of 95 seats sold at the regular price. to attract customers to the last 30 unsold seats, lofty discounts the tickets by 50% for standby passengers. the contribution margin per standby passenger is
a. $25
b. $150
c. $100
d. $50.
Answers: 3
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Lofty airlines has a flight for which the regular ticket price is $200 and the variable costs per pa...
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