Airline Revenue An airline has two classes of service: first class and coach. Management's experience has been that each aircraft should have at least 8 but no more than 16 first- class seats and at least 80 but no more than 120 coach seats
(a) If management decides that the ratio of first-class seats to coach seats should never exceed , with how many of each type of seat should an aircraft be configured to maximize revenue?
(b) If management decides that the ratio of first-class seats to coach seats should never exceed , with how many of each type of seat should an aircraft be configured to maximize revenue?
(c) If you were management, what would you do?
[Hint: Assume that the airline charges for a coach seat and for a first-class seat; .]
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