Question
Concert Offer Ticket Price $ 50 Capacity 10, 500 Kills 300 seats Comps. 200 seats Sold 100 % available seats Agent Commission 10% Artist delivers
Concert Offer Ticket Price $ 50 Capacity 10, 500 Kills 300 seats Comps. 200 seats Sold 100 % available seats Agent Commission 10% Artist delivers sound & lights. $40,000 Documented Expenses $200,000 Deal: $200,000 guarantee vs. 85/15 split after documented expenses.
B. The artist also is a sub-contractor for this show, how much does the artist receive for this?
What will the promoter make from the above concert?
What will the booking agent get paid?
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
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73375853, 978-0073375854
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