Question

Suppose that there are two types of tickets to a show: advance and same-day. The combined...

Suppose that there are two types of tickets to a show: advance and same-day. The combined cost of one advance ticket and one same-day ticket is

$50

. For one performance,

35

advance tickets and

30

same-day tickets were sold. The total amount paid for the tickets was

$1675

. What was the price of each kind of ticket?

Advanced ticket:

Same-day Ticket:

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
An airline sells all the tickets for a certain route at the same price. If it...
An airline sells all the tickets for a certain route at the same price. If it charges 200 dollars per ticket it sells 10,000 tickets. For every 35 dollars the ticket price is reduced, an extra thousand tickets are sold. Thus if the tickets are sold for 165 dollars each then 11,000 tickets sell. It costs the airline 100 dollars to fly a person. (b) Express the total profit P in terms of the price p of one ticket.
The school that Stefan goes to is selling tickets to a choral performance. On the first...
The school that Stefan goes to is selling tickets to a choral performance. On the first day of ticket sales the school sold 3 senior citizen tickets and 1 child ticket for a total of $38. The school took in $52 on the second day by selling 3 senior citizen tickets and 2 child tickets. Find the price of a senior citizen ticket (x) and the price of a child ticket (y).   Write the system of two equations using the...
The market for round trip airline travel from Madison to Cleveland over the Memorial Day holiday...
The market for round trip airline travel from Madison to Cleveland over the Memorial Day holiday consists of two types of customers. Let X1 denote the demand for airline tickets by students, and let X2 denote the demand for airline tickets by non-student adults. Let the price of a round trip ticket be denoted by Px, and suppose that everyone who purchases a ticket pays the same price. The demand functions of the two customer groups has been determined as...
Let demand for tickets to the movies in Adelaide in summer months be represented by the...
Let demand for tickets to the movies in Adelaide in summer months be represented by the following demand schedule: price $ quantity demanded (per summer month) 20 0 18 100 16 200 14 300 12 400 10 500 8 600 6 700 4 800 2 900 Suppose that all movie theatres are owned by one company such that movie tickets are supplied by a monopolist, with a constant marginal cost of $4.    a) Calculate what number of movie tickets...
The E-Street Band has market power. Consumers demand tickets to each (monthly) live performance according to...
The E-Street Band has market power. Consumers demand tickets to each (monthly) live performance according to P = 15-0.1 * Q (MR = 15-0.2Q). The band faces a constant Marginal Cost of MC = $0.20. Their total costs are TC = 150 + 0.2Q a. In this setting, how many tickets should they sell to each concert to maximize profits? At what price should those tickets be sold? What are the band's profits? Graph this scenario. b. What would be...
You have decided to volunteer at your local history museum which sells tickets for admission. The...
You have decided to volunteer at your local history museum which sells tickets for admission. The museum curator has asked you to write a program that can help calculate the cost of one ticket for admission to the museum. Children under 6 are admitted for free, while all other children are charged $2.93 per ticket. Adults (18 and over) are charged $8.65 per ticket. All tickets that are not free have a convenience cost of $0.85, and all sales are...
6. There are two types of consumers or vacationers of a monopoly hotel in a resort...
6. There are two types of consumers or vacationers of a monopoly hotel in a resort town: type 1, of which there are 300 consumers willing to pay V¬¬1 = $600 per day; and type 2, of which there are 500 consumers, willing to pay V¬¬2 = $200 per day. The daily unit cost of serving a consumer is $50 per day, plus there is a fixed cost of $5,000 per day. a. (5 points) What price will the hotel...
a. Suppose my marginal utility from chia pets is 60 and my marginal utility from sea...
a. Suppose my marginal utility from chia pets is 60 and my marginal utility from sea monkeys is 30. The price of a chia pet is $10 and the price of a sea monkey is $5. What should I do to maximize my utility? Explain your answer. b c. You have bought a $10 ticket in advance for the university soccer game, a ticket that cannot be resold. You know that going to the soccer game will give you a...
On the first of the month, Avery paid 6 months’ rent for the store in advance...
On the first of the month, Avery paid 6 months’ rent for the store in advance at $2200 per month. Avery purchased supplies for the store in the amount of $425 in cash from the Burlington Supply Co on March 1 as well. Wages were paid on March 1 in the amount of $2120. These wages covered the last 2 weeks of February. On March 2, Avery placed an order for snowboards in the amount of $7600 from the Mad...
2. Suppose that there is a firm that sells the same good in two different markets...
2. Suppose that there is a firm that sells the same good in two different markets and that it is able to prevent resale from the lower priced market to the higher priced market. The direct demand functions for the two markets are given by the following two equations: Q1 = 8- P1 Q2= 12- P2 Also, the firm produces this good in one plant, so the Total Cost function is given by the following equation: TC = 5 +...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT