1. Managed care has caused the U.S. health care system to:

Tickets for a concert cost $35 for balcony seats and $75 for floor seats. Tickets at the same venue for a theatrical production

Stella [2.4K]

The capacity of seats at a venue has to be determined by putting the data in an equation.

Given:

Price of balcony seat for a concert is $35

Price of floor seat for a concert is $75

Price of balcony seat for a theatrical production is $25

Price of floor seat for a theatrical production is $60

Revenue of concert at full capacity is $27,750

Revenue of theatrical production at full capacity is $21,750

<h3>Equation</h3>

By putting the data of a concert and the data of a theatrical production in the equation to found that the equation as follows:

35 x 75 y = 27,750. 25 x 60 y = 21,750.

Elaborating further, the data given for the concert at full occupancy is balcony seat $35 and floor seat $75 which generates the revenue of $27,750, is matching completely with the first part of equation.

Similarly, the data given for a theatrical production at full occupancy is balcony seat $25 and floor seat $60 which generates the revenue of $21,750, is matching completely with the second part of equation.

Hence the system of equations which can be used to find the number of floor seats and balcony seats of the venue is OPTION B is correct i.e. 35 x 75 y = 27,750. 25 x 60 y = 21,750.

Learn more about the equations here:

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7 0

2 years ago

Read 2 more answers

Use the following information to determine the break-even point in sales dollars: Unit sales 50,000 Units Dollar sales $ 500,000

Keith_Richards [23]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Unit sales 50,000

Units Dollar sales $ 500,000

Fixed costs $ 204,000

Variable costs $ 187,500

First, we need to calculate the unitary selling price and variable cost:

Unitary Selling price= 500,000/50,000= $10

Unitary variable cost= 187,500/50,000= $3.75

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 204,000/ [(10 - 3.75)/10]= $326,400

6 0

3 years ago

The income elasticity of demand for a food is unity. a consumer's monthly income is $2,000, of which 20 percent is spent on food

Anna11 [10]

Obviously, it becomes half so it'll be 10%
Forgive me if its wrong. im answering as best as i can.

8 0

4 years ago

Jason bought a car for $40,000 upon graduation from college with an engineering degree and a very good job offer. A down payment

Studentka2010 [4]

Answer:

Explanation:

The cost of the car = $40,000

Down payment = $5,000

Therefore loan amount on the car = Cost of the car - Down payment

= $40,000 - $5,000

= $35,000

But loan repayment starts from 13th months; therefore there are 12 months or 1 year for which interest amount will be added with the total loan amount

Total loan amount after one year = $35,000 * (1+6%) ^1 = $37,100

Now we can use PV of an Annuity formula to calculate the monthly payment of car loan

PV = PMT * [1-(1+i) ^-n)]/i

Where PV = $37,100

PMT = Monthly payment =?

n = N = number of payments = 60 months

i = I/Y = interest rate per year = 6%, therefore monthly interest rate is 6%/12 = 0.5% per month

Therefore,

$37,100 = PMT* [1- (1+0.005)^-60]/0.005

PMT = $37,100/51.72

= $717.38

Therefore correct answer is option A. $717.38

5 0

4 years ago

Suppose a coworker just brought you a union leaflet urging employees to sign an authorization card. What questions would you ask

jeyben [28]

Answer:

If a coworker just brought you a union leaflet urging employees to sign an authorization card, the questions needed to ask him will be:

1. How the authorization card work.

2. What does it necessarily mean if one signs the authorization card

3. The next steps after signing the authorization card and what to expect as the end result.

4. If signing the card automatically makes one to become a member of the union.

8 0

3 years ago