A concert hall has 12,000 seats and two categories of ticket prices, $35 and $45. Assume...
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A concert hall has 12,000 seats and two categories of ticket prices, $35 and $45. Assume that all seats in each category can be Concert 1 2 3 Tickets sold Return required 12,000 $490,000 12,000 $447,000 12,000 $466,000 ... a. How many tickets of each category should be sold to bring in each of the returns indicated in the table? $35 Tickets Concert 1 $45 Tickets Concert 2 Concert 3 b. Is it possible to bring in a return of $346,000 when all the seats are sold? A. No, $346,000 is greater than the highest possible return. B. Yes, $346,000 is within the range of possible returns. C. No, $346,000 is less than the smallest possible return. D. None of the above. Is it possible to bring in a return of $548,000 when all the seats are sold? A. No, $548,000 is greater than the highest possible return. A concert hall has 12,000 seats and two categories of ticket prices, $35 and $45. Assume that all seats in each category can be Concert 1 2 3 Tickets sold Return required 12,000 $490,000 12,000 $447,000 12,000 $466,000 ... a. How many tickets of each category should be sold to bring in each of the returns indicated in the table? $35 Tickets Concert 1 $45 Tickets Concert 2 Concert 3 b. Is it possible to bring in a return of $346,000 when all the seats are sold? A. No, $346,000 is greater than the highest possible return. B. Yes, $346,000 is within the range of possible returns. C. No, $346,000 is less than the smallest possible return. D. None of the above. Is it possible to bring in a return of $548,000 when all the seats are sold? A. No, $548,000 is greater than the highest possible return.
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