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2.4 Suppose that a local radio station has decided to give away 100 tickets to t

ID: 1182582 • Letter: 2

Question

2.4 Suppose that a local radio station has decided to give away 100 tickets to the LMFAO [[Editorial note: this will likely have to be updated before going to press]] performance it is promoting. It announces that tickets will be given away at 7:00 AM on Monday at the radio stations studio. a) What groups of people will be most likely to try to get the tickets? Think of specific examples and then generalize b) What is the opportunity cost of distributing tickets in this way? c) Productive efficiency occurs when a good or service, such as the distribution of tickets, is produced at the lowest possible cost. Is this an efficient way to distribute the tickets? If possible, think of a more efficient method of distributing the tickets. d) Is this an equitable way to distribute the tickets? Explain

Explanation / Answer

i've won several times including randy travis and travis tritt tickets, it does take a few days but if you don't hear back from them by monday give them a call when someone higher up is likely to be available to help you out...congrats and have fun at the concert