You are a revenue manager for the Dr. Phillip's Performing Arts Center. Your group ticket manager contacts you and says that he has a large group that is requesting a group discount for 12 seats for one show. Traditionally, the seats would sell for $132 each. Additionally, the group will contribute $300 in parking. You know that you would be able to sell 8 of those seats but cannot be sure about the other 4 seats. The variable cost on each ticket is $5. Calculate the displacement contribution for this group sale. The minimum group rate should be $102 The minimum group rate should be $59.66 None of these answers are correct The minimum group rate should be $68 The minimum group rate should be $64.66

You are a revenue manager for the Dr. Phillip's Performing Arts Center. Your group ticket manager contacts you and says that he has a large group that is requesting a group discount for 12 seats for one show. Traditionally, the seats would sell for $132 each. Additionally, the group will contribute $300 in parking. You know that you would be able to sell 8 of those seats but cannot be sure about the other 4 seats. The variable cost on each ticket is $5. Calculate the displacement contribution for this group sale. The minimum group rate should be $102 The minimum group rate should be $59.66 None of these answers are correct The minimum group rate should be $68 The minimum group rate should be $64.66

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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