Angela booked a band for tonight. she decided to use yield management pricing and set three ticket prices $17.50, $15.00, and $12.50. fans bought 3,000 seats in each section. what was the revenue for the event?

Given:
ticket prices $17.50, $15.00, and $12.50.
Fans bought 3,000 seats in each section

This means that 3,000 seats were bought from each price assuming that each price represents a section. Thus, there are 3 sections for a total of 9,000 seats sold. 

17.50 x 3000 = 52,500
15.00 x 3000 = 45,000
12.50 x 3000 = 37,500
total                135,000

The revenue for the event is $135,000.

Yield management pricing is defined as the "variable pricing strategy, based on understanding, anticipating and influencing consumer behavior in order to maximize revenue or profits from a fixed, time-limited resource" 

The revenue we computed is the best possible maximum revenue that the event can garner that satisfies both supplier and buyer. Had Angela maintained a single price, only a section nearest to the stage will be filled because people will not find it worthy to buy a ticket that will not let them see the band up close. This will lead to a lesser revenue. 

The advantage of administering personality tests on employees is that it will allow the employer to know the mindset and personality of the employee. this will allow the employer to at least have an idea as to how the employee works and how his attitude in the workplace. the disadvantage is that it may make the employee a little anxious as to whether he would meet the personality requirements of the employer and whether he would be able to retain the job or not.