Ticketmaster contracts with the producer of blue man group to sell tickets online. ticketmaster charges each customer a fee of $9 per ticket and receives $22 per ticket from the producer. ticketmaster does not take control of the ticket inventory. average ticket price for the event is $105. how much revenue should ticketmaster recognize for each blue man group ticket sold? select one:
a. $9 because the $22 from the producer is similar to a negative cost of goods sold
b. $105 because the $83 is cost of goods sold paid to the blue man group producer
c. $31 because both the fee from the customer and the blue man group producer are earned
d. $114 because the $83 is cost of goods sold paid to the blue man group producer
e. none of the above

The answer is: C) $31 because both the fee from the customer and the Blue Man Group producer are earned

Explanation:

Revenue is all the income generated from business operations, it may be recorded as cash or accounts receivable.

So Ticketmaster should recognize $31 as revenue:

barak obama

explanation:

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.