Business, 26.10.2019 04:43 winwinphyo

Scenario 15-6: 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.
refer to scenario 15-6. how much profit will the concert promoters earn if they set the price of each ticket at $50?
a. $25,000
b. $75,000
c. $100,000
d. $150,000

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Scenario 15-6: the concert promoters of a heavy-metal band, wer2loud, know that there are two types...

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