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A Basketball Fieldhouse Seats 15,000

question 47

Multiple Choice

A basketball fieldhouse seats 15,000. Courtside seats sell for $10, endzone for $6, and balcony for $5. Total revenue for a sell-out is $92,000. If half the courtside and balcony and all the endzone seats are sold, the total
Revenue is $52,000. How many of each type of seat are there in the fieldhouse?


Definitions:

Gregarious Guy

A person who is very sociable, enjoys being in crowds, and often engages in social activities.

Idle Production Capacity

Occurs when the service provider is available but there is no demand for the service.

Demand Exceeds

A situation where the demand for a product or service surpasses its supply, often leading to stock shortages or increased prices.

No Demand

A market situation where there is no consumer desire or interest in purchasing a specific product or service.

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