1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
qwelly [4]
3 years ago
6

Scenario 15-6 The concert promoters of a heavy-metal band, WeR2Loud, know that there are two types of concert-goers: die-hard fa

ns and casual fans. For a particular WeR2Loud concert, there are 1,000 die-hard fans who will pay $150 for a ticket and 500 casual fans who will pay $50 for a ticket. There are 1,500 seats available at the concert venue. Suppose the cost of putting on the concert is $50,000, which includes the cost of the band, lighting, security, etc. How much profit will the concert promoters earn if they engage in price discrimination?
a. $100,000
b. $125,000
c. $150,000
d. $175,000
Business
1 answer:
nata0808 [166]3 years ago
4 0

Answer:

Profit = $125,000

Explanation:

We know,

Profit = Sales revenue - Expense

Given,

Sales revenue = Number of seats available × Ticket price per person

Sales revenue = (1,000 seats × $150) + (500 seats × $50)

Sales revenue = ($150,000 + $25,000)

Sales revenue = $175,000

Expense = $50,000

Putting the values to the formula, we will get

Profit = Sales revenue - Expense

Profit = $175,000 - $50,000

Profit = $125,000

You might be interested in
A company must account for a contract modification as a new contract if the:
valina [46]

Answer:

d. goods or services are distinct and company has right to receive the standalone price.

Explanation:

Goods or services are distinct and company has right to receive the standalone price.

8 0
3 years ago
Advances in technology like the creation of cheap, lightweight laptops has allowed workers to work from almost anywhere. Please
andriy [413]

Answer:

Got this from the same website you used

Explanation:

Advances in technology like the creation of cheap, lightweight laptops have allowed workers to work from almost anywhere. TRUE.

5 0
3 years ago
A five-sided lot has the following dimensions: side A = 44', side B = 67', side C = 91', side D = 18', and side E = 55'. What is
enyata [817]

Answer:

275

Explanation:

You will add all the figures;that is;44+67+91+18+55=275

5 0
3 years ago
How does soap work? A. Creates a sheetlike microscopic barrier between the skin and microorganisms in the environment B. Emulsif
Elina [12.6K]

Answer:

Your answer is going to be c.

Explanation:

as soap is meant to wash away germs it has to first kill them.

4 0
3 years ago
What is the historical development of accounting​
Vaselesa [24]

Answer:

Accounting history dates back to ancient civilizations in Mesopotamia, Egypt, and Babylon. For example, during the Roman Empire the government had detailed records of their finances. However, modern accounting as a profession has only been around since the early 19th century. The earliest accounting records were found over 7,000 years ago among the ruins of Ancient Mesopotamia. At the time, people relied on accounting to keep a record of crop and herd growth.

Explanation:

4 0
3 years ago
Other questions:
  • On March 1, 2012, Kelly Company lent $3,500 to Tim on a 1-year 6% promissory note. The amount of interest to be accrued on Decem
    9·1 answer
  • Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for
    14·1 answer
  • When companies adopt the strategy-making and strategy execution process it requires they start by
    12·1 answer
  • Channing Corporation makes two products (A1 and B2) that require direct materials, direct labor, and overhead. The following dat
    13·1 answer
  • What is time consuming in business communities​
    15·1 answer
  • Define direct advertising​
    10·1 answer
  • when a manufacturer sells its products directly to consumers, it engages in which two supply-chain activities?
    8·1 answer
  • A cashier is what type of resource ?
    7·1 answer
  • Because the slope of the production function becomes flatter as more capital is added, the marginal product of capital is
    14·1 answer
  • An inventory turnover analysis is useful to the internal auditor because it may detect:_____.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!