Business, 12.02.2020 00:48 raquelle66

Fans of music often bemoan the high price of concert tickets. One superstar argued, "It just isn’t worth $75 to see me play. No one should have to pay that much to go to a concert." Assume this star sold out arenas around the country within minutes of tickets going on sale at an average ticket price of $75. Many fans were unable to buy tickets, even though they were willing and able to pay the average price of $75. How would you evaluate the argument that ticket prices are too high?
A. Suppose that due to this star’s protests, ticket prices were lowered to $50. In what sense is this price too low? B. Suppose Pearl Jam really wanted to bring down ticket prices. Since the band controls the supply of its services, what do you recommend they do? C. Suppose the band’s next CD was a total dud. Do you think they would still have to worry about ticket prices being too high? Why or why not? D. Suppose the group announced their next tour was going to be their last. What effect would this likely have on the demand for and price of tickets?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 01:40

Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?

Answers: 1

Answer

Business, 22.06.2019 19:50

Aproperty title search firm is contemplating using online software to increase its search productivity. currently an average of 40 minutes is needed to do a title search. the researcher cost is $2 per minute. clients are charged a fee of $400. company a's software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. company b's software would reduce the average search time by 12 minutes at a cost of $3.60 per search. which option would have the higher productivity in terms of revenue per dollar of input?

Answers: 1

Answer

Business, 22.06.2019 22:10

Scoresby co. uses 6 machine hours and 2 direct labor hours to produce product x. it uses 8 machine hours and 16 direct labor hours to produce product y. scoresby's assembly and finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. how much overhead cost will be charged to the two products? a. product x = $1,440; product y = $2,560 b. product x = $1,760; product y = $4,480 c. product x = $3,200; product y = $9,600 d. product x = $800; product y = $800

Answers: 1

Answer

Business, 23.06.2019 10:10

Type the correct answer in the box. spell all words correctly. what could be the cause for robert’s symptoms? every time a project deadline approached, robert became agitated, angry, and suffered from frequent headaches. his manager concluded that he was suffering from .

Answers: 3

Answer

You know the right answer?

Fans of music often bemoan the high price of concert tickets. One superstar argued, "It just isn’t w...

Questions