Ingrid has been waiting for the show "mamma mia!" to come to town. when it finally does come, tickets cost $60. ingrid's reservation price is $75. but when ingrid tries to buy a ticket, they are sold out. ingrid decides to try to buy a ticket from a scalper (a person who purchased extra tickets at the box office with the intent to resell them at a higher price). if ingrid finds someone who is willing to sell her a ticket for $70, she should: not purchase the ticket because it is overpriced. not purchase the ticket because the cost to the scalper was only $60. purchase the ticket because doing so will make her $5 better off. purchase the ticket even though doing reduce total economic surplus.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Ingrid has been waiting for the show "mamma mia!" to come to town. when it finally does come, tickets cost $60. ingrid's reservation price ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Debt management ratios measure: how effectively a company is using its cash, how well a company is using debt versus equity position, a companys ability to earn profit, a companys ability to meet payable obligations
Answers (1)
Why was stock bought on margin considered a risky investment? A: Investors purchased the stocks with little cash down; if the price dropped the investor had to repay the loan.
Answers (1)
In February, Pedro, the manager of a pool supply and cleaning company, is looking at the upcoming need for more workers to handle the increased customers in spring and summer. Which of the four key management processes is he using? A.) Planning B.
Answers (1)
A manager must decide whether a particular course of action is ethical. what is the first step the manager should take in reaching this decision?
Answers (1)
Which of the following statements is true? 1. Food production is equally distributed around the world. 2. The world's food supply is too small to support its population. 3. Hybrid plants do not need fertilizers or pesticides. 4.
Answers (1)
New Questions in Business
Jo has 100 hits in softball. 5 hits are home runs. What % of her hits are home runs?
Answers (1)
Packer Co.'s year 5 income statement reported $130,000 in income before provisions for income taxes. To compute the provision for federal income taxes, the following year 5 data are provided: Rent received in advance $22,000 Income from exempt
Answers (1)
What is accounting theory
Answers (1)
Most companies receiving a claim message tend to a. ignore the first phone call, e-mail, or letter. b. respond only to letters containing complaints that could result in lawsuits or financial harm. c.
Answers (1)
The demand curve of a monopolistically competitive firm A. is perfectly elastic. B. is horizontal because the firm must cut its price to sell more. C. is downwardminus-sloping because it sells an identical product. D.
Answers (1)