A concert hall has 20,000 seats and two categories of ticket prices, $40 and $48. Assume that all seats in each category can be sold.
a. How many tickets of each category should be sold to bring in each of the returns indicated in the table?
This problem involves six quantities, two for each concert. Using inverse matrices provides an efficient way to find these quantities. Solve the problem for an arbitrary number of seats, k 1, and return, k 2.
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