Answered

YY Airlines flight from Seattle to New York has a capacity of 250 people. The airline sold 275 tickets for

the flight at a price of $300 per ticket. Tickets are non refundable. The fixed cost of flying the plane

(even if there were no passengers) is $5000. Variable cost of flying a passenger (mostly food costs

and additional fuel costs) is $25 per passenger. If more than 265 people show up for the flight, the flight

is overbooked YY must pay overbooking compensation of $450 per person to each overbooked

passenger. Find the profit based on the number of customers who show up for flight