Is the commentator right-comment from economic perspective

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Reference no: EM131081846

Sammy Hagar is a popular recording artist and is perhaps most well known for being the former lead singer of the rock band Van Halen. In a recent interview Hagar was asked whether he planned on making new music. Hagar said he refused to do so because of the high cost, saying it would cost about half a million dollars.

After learning about this interview, a commentator wrote:

“Half a million is crazy talk. Are you really going to tell me that Sammy Hagar and his other band mates don't own a recording studio between them? The recording cost would be the cost of a producer, some flights, and some accommodations for a couple of weeks. That doesn't even come close to equaling half a million dollars. Love Sam, but he needs to stop the nonsense and be honest.”

Is the commentator right? Comment from an economic perspective.

Reference no: EM131081846

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