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there were 200 tickets sold for a college basketball game. Tickets were $4.50 for students and $9 for adults. The total amount c

Virty [35]

Answer:

$70$ tickets were sold to student and $130$ tickets were sold to adults

Explanation:

Let the number of tickets purchased by students be "X" and the number of tickets purchased by adults be "Y"

Given

Total number of tickets sold $= 200$

Total amount collected by selling $200$ tickets $= 1485$ dollar

Cost of one ticket of student $= 4.5$ dollar

Cost of one ticket of adult $=$ 9 dollar

Two equation are as follows

$X + Y = 200\\$ ------Eq (1)

$4.5 X + 9 Y =1485$ -------- Eq (2)

Multiplying eq (1) by 9 and subtracting from equation 2 we get

$4.5 X - 9 X + 9Y -9Y = 1485 - (200* 9)\\-4.5 X = -315\\X = 70$

Substituting the value of X in equation 1 we get

$70 + Y = 200\\Y = 200 -70 \\Y = 130$

Therefore, $70$ tickets were sold to student and $130$ tickets were sold to adults

8 0

3 years ago

Isamu owns I Pity the Foot, a retail shoe store. Isamu carefully controls costs by ordering in bulk, limiting labor costs, and r

olasank [31]

Since Isamu carefully controls costs by ordering in bulk, limiting labor costs, and renting the additional space in his building to another business, then he is an example of an efficient manager.

An efficient manager refers to a manager that uses limited resources in order to do a particular job in a professional manner.

It should be noted that an efficient manager identifies his or her priorities and develop structures to accomplish the objectives. In this case, Isamu carefully manages the available resources, therefore, he's an <em>efficient manager</em>.

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4 0

3 years ago

A(n) _____ refers to a situation where a publicly traded company is purchased and then taken off the stock market.

dalvyx [7]

Leveraged buyout/////////////////

4 0

3 years ago

Ok so i have a ton of questions i need answered for this test im taking. its on economics. anyone think they can help? thank you

satela [25.4K]

1. All of the following were powers given to the federal government by the National Banking Acts of 1863 and 1864 EXCEPT D. to dismantle privately owned banks 2. When economists measure opportunity cost to help determine the true value of economic decisions, they consider both the D. monetary and human value. 3. Which of the following was NOT an economic institution created in Europe to help foster economic unity among the countries there? D. European Union (EU) 4. Though the challenges of decision making are similar at all levels of the economy, B. the impact decreases as more people are involved. I think that the impact decreases as more people are involved because these people will be able to analyze many more aspects involving a decision as well as its corresponding consequences. The decision made will be a result of consensus among the people involved for the benefit of the majority if not all. 5. All EXCEPT which of the following options could describe the statement below? You get something and you give up something else. B. consumer sovereignty – This is a situation where the desire of the consumer affects the production of their desired goods. 6. Who proposed the first bank of the United States? B. Alexander Hamilton – He officially proposed the creation of the first bank during the first session of the First Congress. 7. As an economic institution, nonprofit organizations include D. professional organizations. The main purpose of these organizations is to make their profession better or more valuable for the people practicing the profession as well as for the benefit of the general public. 8. In economics, economic institutions serve to A. help establish and keep participation in the economy fluid. 9. Who is credited with first using cost-benefit analysis? B. Jules Dupuit – A French engineer and economist. He wrote an article in 1848 where the concept of Cost-Benefit analysis was presented. <span>
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5 0

3 years ago

Read 2 more answers

A mortgage of $80,000 with 2 points means the borrower would have to pay at closing $800. Group startsTrue or FalseTrue, unselec

zavuch27 [327]

A mortgage of $80,000 with 2 points means the borrower would have to pay at closing $800 is false because the real pay at closing is $1,600.

<h3>What is mortgage?</h3>

A mortgage is a loan that is used to buy or to maintain a land, home, or other sort of real estate.

The borrower checks to refund the lender over a period of time, usually in an ordination of regular installments divided into principal and interest. The property is used as security for the loan.

According to the given information,

Mortgage Amount = $80,000

Points = 2

Let the 2 points is taken as a percentage:

Point 1 = 1%, and

Point 2 = 2%

Now, as we know that in the loan process, the amount of point is cyphered at the closing. Then, the closing cost is commuted as:

$\text{Closing Cost Amount} =\text{Mortgage} \times \text{Points}\\\\\text{Closing Cost Amount} =$80,000 \times 2\%\\\\\text{Closing Cost Amount} =\$1,600$

Therefore, the given problem is false, that the borrower have to pay $800, he would have to pay only $1,600.

Learn more about the mortgage, refer to:

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3 0

2 years ago