Solve the Problem. -There Were 630 People at a Play. the Admission Price

question 136

Multiple Choice

Solve the problem.
-There were 630 people at a play. The admission price was $2 for adults and $1 for children. The admission receipts were $960. How many adults and how many children attended?

• A)300 adults and 330 children
• B)330 adults and 300 children
• C)150 adults and 480 children
• D)240 adults and 390 children

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Definitions:

Labor

The physical and mental effort used in the production of goods and services.

Capital

Resources or assets that are used in the production of goods and services, including physical assets like machinery and buildings, and intangible assets like patents.

Fixed-Proportion

A production process in which the inputs are used in fixed ratios, with no substitution possible between them.

Perfect Substitutes

Goods or services that can be used in exactly the same way, where the consumer is indifferent between the two and will choose the cheaper one.