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Question 19M.3.HL.TZ0.1k.i

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Date May 2019 Marks available [Maximum mark: 1] Reference code 19M.3.HL.TZ0.1k.i
Level HL Paper 3 Time zone TZ0
Command term Calculate Question number k.i Adapted from N/A
k.i.
[Maximum mark: 1]
19M.3.HL.TZ0.1k.i

A music concert is to take place in Country Z. 40 000 tickets are available for the concert. Figure 3 shows the demand (D) for tickets at this concert.

Figure 3

 

The fixed costs for the concert have been calculated as $3 million, while it is expected that there will be no variable costs.

(k.i)

Calculate the average fixed cost per ticket if all tickets are sold.

[1]

Markscheme

$3 million / 40 000 = $75

An answer of $75 or 75 is sufficient for [1].

Examiners report

Generally well-answered, with a small number of basic errors.

Syllabus sections