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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
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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