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
Mrac [35]
3 years ago
6

The concert promoters of a heavy-metal band, WeR2Loud, know that there are two types of concert-goers: die-hard fans 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 set the price of each ticket at $50?
A. $150, 000
B. $75,000
C. $25,000
D. $100, 000
Business
1 answer:
Wittaler [7]3 years ago
6 0

Answer:

C

Explanation:

Profit = total revenue - total cost

If price is set at $50, both the die hard and casual fans would pay because the price is below or equal to their willingness to pay

willingness to pay  is the highest amount a consumer is willing to pay for a product

(50 x 1500) - 50,000 = 25,000

You might be interested in
5. Michael told Greg to sell his collection of vintage heavy metal band t-shirts. He
kiruha [24]

Answer:

The correct answer is Greg. He is the agent.

Explanation:

First of all, the term <em>agent</em>, in business, is understand as the individual that currently <em>manages another person's business affairs</em> and that commonly spend much of his time negotiating contracts for his clients.

Secondly, according to the definition of agent, it is understandable that in this case the agent is Greg due to the fact that he is the one that has to sell the collection, under Michael's orders.

4 0
3 years ago
Dyed-Denim Corporation is seeking to lower the costs of value creation and achieve a low-cost position. As a result, it plans to
Pavlova-9 [17]

Answer:

The correct answer is location economies

Explanation:

Location economies refers to a situation where goods are produced under the optimal economic conditions.

In determining this location,companies usually consider cultural,economic and legal perspectives,in that they are able to locate their manufacturing outfits where the combination of these factors is most favorable.

The ease of transporting output and trade barriers are also examined such that the goods produced can be transported to consuming nations all around the world without logistics headache or trade sanctions.

8 0
3 years ago
Annapolis Company has two service departments (Computer Operations &amp; Maintenance Services). Annapolis has two production dep
eimsori [14]

Answer:

$56,900

Explanation:

                             Compt.         Maint.       Mixing      Packaging

Dept Cost             140,000      115,000

Cost allocation                            32941        41177         65882

(Computer)

Cost allocation                                

(Maintenance)                                                56900          91041

Total                                                                98077         156923

Workings.

Computer department cost allocation

Maintenance department = 4/17*140000 =32941

Mixing department = 5/17*140000 =41177

Packaging department = 8/17*140000= 65882

Maintenance department cost allocation

Total cost allocated = 147941

Mixing department = 5/13*147941 = 56900

Packaging department  = 8/13*147941 =91041

8 0
3 years ago
If you are in a car accident cause by someone else who also has insurance, which type of insurance plan will not require you to
max2010maxim [7]
If you are in a car accident cause by someone else who also has insurance, the type of insurance plan that will not require you to pay out of pocket costs is liability insurance. If the car accident was not your fault and the person who caused the accident is also insured the claim should be paid by him under his coverage and your pocket will be safe as well as your insurance will not be affected.
7 0
4 years ago
Instructions: Place the steps in the performance appraisal process in the correct order, from first to last. Rank the options be
raketka [301]

Performance appraisal is used to compare employee performance against some standards. The steps in the performance appraisal process are;

  • 1. Establishing Performance Standards
  • 2. Communicating Standards
  • 3. Evaluating Performance
  • 4.  Making Decision
  • 5. Discussing Results
  • 6. Taking Action

In the performance appraisal process, the supervisors will first establish the standards that will guide the operations of employees.

Next, they should inform the employees of those standards. They should examine the performances of their employees and make decisions on whether they performed well or not.

Then, they should discuss the results with them and take action on whether to reward or punish them.

Learn more here:

brainly.com/question/15169473

3 0
3 years ago
Other questions:
  • 1. Think about the phrase "a financially secure retirement." In two to three sentences, describe what a financially secure retir
    11·1 answer
  • __________ are not one of the types of engagements and related forms of conclusions that are defined by the attestation standard
    7·1 answer
  • The current U.S. dollar-yen spot rate is 125¥/$. If the 90-day forward exchange rate is 127 ¥/$ then the yen is selling forward
    7·2 answers
  • .Sam is known by his colleagues as a great communicator, with an uncanny ability to shift speech patterns, expressions, and body
    11·1 answer
  • The blackwell group is unable to obtain financing for any new projects under any circumstances. which term best applies to this
    9·1 answer
  • The marginal cost curve crosses the average total cost curve at a. The efficient scale. b. The minimum point on the average tota
    8·1 answer
  • Contribution Margin Molly Company sells 37,000 units at $19 per unit. Variable costs are $11.59 per unit, and fixed costs are $1
    7·1 answer
  • Which of the following statements is CORRECT? Group of answer choices There are many types of unethical business behavior. One e
    6·1 answer
  • In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of
    6·1 answer
  • ritzer argues that the operating procedures perfected (but not originated) by have been duplicated in countless arenas from amus
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!