Consider an airline's decision about whether to cancel a particular flight that hasn't sold cut. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers. Number of Passengers 0 10 20 30 40 50 60 70 80 90 100 Total Cost (Dollars per flight) 25,000 35,000 40,000 43,000 45,000 46,000 47,000 47,700 48,000 48,200 48,100 Given the information presented in the previous table, the fixed cost to operate this flight is $

At each ticket price, a different number of consumers will be willing to purchase tickets for this filght. Assume that the price of a fight is fixed for the duration of ticket sales. Use the previous table as well as the following demand schedule to complete the questions that follow. Complete the following table by computing total revenue, total cost, vanlable cost, and profit for each of the prices listed. (Hint: Be sure to enter a minus sign before the number if the numeric value of an entry is nogative.) Given this information, the profit-maximizing price is per ticket, and seats out of 100 will be purchased. In this case, which of the following statements are true about the market at this price-quantity combination? Check alf that apply. Price is less than average total cost. Profit is positive. The airline is operating at too big a loss and should, therefore, cancel this flight: Total revenue is greater than variable cost. If fixed cost increases to $40,500, does this change the production decision of the aifline in the short run? Yes No True or False: Operating a fight without full capacity should never happen in the short run because it cannot be profitable. True False Continue without saving Consider an airline's decision about whether to cancel a particular flight that hasn't sold cift. The following table prowides data on the total cost of operating a 100-seat plane for various numbers of passengers. Given the information presented in the previous table, the foxed cost to operate this fight is