Solution-What is the minimal ticket price

What is the minimal ticket price

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Question - If 92 people are coming to a concert and the fixed costs to produce the concert include the venue rental for $8,000, parking lot rental $2,000, and stage rental $1,500. The production management company wants to make a profit of $3,500. The variable costs for the concert are $15 per person for utility costs. What is the minimal ticket price that you will charge in order to make the target profit?

a) None of these answers are correct

b) $178

c) $65

d) $250

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What is the minimal ticket price

Reference no: EM133002489

Reference no: EM133002489

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