Business, 09.12.2019 20:31, Arealbot

The concert promoters of a heavy-metal band, wer2loud, know that there are two types of concert-goers: die-hard fans and casual fans. for a particular wer2loud concert, there are 1,000 die-hard fans who will pay $150 for a ticket and 500 casual fans who will pay $50 for a ticket. there are 1,500 seats available at the concert venue. suppose the cost of putting on the concert is $50,000, which includes the cost of the band, lighting, security, etc. how much additional profit can the concert promoters earn by charging each customer their willingness to pay relative to charging a flat price of $50 per ticket? a. $150,000 b. $75,000 c. $25,000 d. $100,000

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The concert promoters of a heavy-metal band, wer2loud, know that there are two types of concert-goer...