Economists Tend to See Ticket Scalping as

question 25

Multiple Choice

Economists tend to see ticket scalping as

• A)a way for a few to profit without producing anything of value.
• B)an inequitable interference in the orderly process of ticket distribution.
• C)a way of increasing the efficiency of ticket distribution.
• D)an unproductive activity which should be made illegal everywhere.

---

Definitions:

Variable Inputs

Inputs or resources whose usage changes according to the level of production.

Unit Costs

The cost incurred by a company to produce, store, and sell one unit of a particular product or service.

Production

The process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).

Average Total Cost

The total cost of production divided by the quantity produced, representing the per unit cost of goods or services.