Answer:
Step-by-step explanation:
Given
Required
Solve
Substitute in
Open bracket
Collect like terms
Divide both sides by 2
Substitute in
You won a free ticket to see the latest Star Wars movie this Friday night (which you can costlessly resell for its face value of
1 answer:
Answer:
The opportunity cost of going to see the Star Wars movie on Friday is $35.
Step-by-step explanation:
You won a free ticket to see the latest Star Wars movie this Friday night with a face value of $15.
Tickets to see your favorite band cost $30, and on any given day, you would be willing to pay as much as $50 for a ticket.
So, the opportunity cost of going to see the Star Wars movie on Friday =
dollars
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Answer:
(i) 30
(ii) 8
Step-by-step explanation:
Start by drawing 3 rings for the Venn diagram. Each ring represents either Audi, BMW, or Citroën.
Next, add the information provided in the problem statement. We know that 20 choose BMW only. Another 20 choose Citroën only.
We know the number who choose all 3 is the same as the number that choose BMW and Citroën, but not Audi. We'll call this number x.
Similarly, we know that the number who choose all 3 is half of those choose Audi and BMW, but not Citroën. So we'll say that number is 2x.
We know the total number of Audi votes is 48, the total number of BMW votes is 36, and the total number of Citroën votes is 34.
Finally, we know the total number of voters is 100, including those who voted for no favorites (we'll call that number n).
We know that BMW got 36 votes, so:
20 + x + x + 2x = 36
20 + 4x = 36
4x = 16
x = 4
We know that Citroën got 34 votes, so:
20 + x + x + z = 34
20 + 4 + 4 + z = 34
28 + z = 34
z = 6
We know that Audi got 48 votes:
y + 2x + x + z = 48
y + 2(4) + 4 + 6 = 48
y + 18 = 48
y = 30
Finally, we know that the total number of voters is 100.
20 + 20 + x + x + 2x + y + z + n = 100
20 + 20 + 4 + 4 + 2(4) + 30 + 6 + n = 100
92 + n = 100
n = 8
