Answer:
I. $291.67 per passenger
II. $583.33 per passenger
Explanation:
The cost of flying the passenger plane from A to B is $70,000.
If the Capacity of the plane is 240 people.
(I)At 7A.M and 4P.M., the average cost per passenger is given as:
Average Cost=Total Cost/Number of Passengers
=70000/240=$291.67 per passenger
(II)At 10AM and 1PM, the flight is only half full, it has 120 passengers.
Average Cost = 70000/120=$583.33 per passenger