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Solve the problem using the elimination method.
-There were 490 people at a play. The admission price was for adults and for children. The admission receipts were . How many adults and how many children attended?
Early Retirement
The process of ending one's professional career and withdrawing from the workforce before reaching the traditional age of retirement, often incentivized by employers.
Labor Supply
The total hours that workers are willing and able to work at a given wage rate in a specific labor market.
Demand
An economic principle referring to consumer desire for products or services at a given price.
Outsourcing Strategy
A business approach where a company contracts out certain tasks or services to external providers to reduce costs and improve efficiency.
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