The Cinema Center consists of four theaters: Cinemas I, II, III, and IV. The admission price for one feature at the Center is $6 for children, $8 for students, and $10 for adults. The attendance for the Sunday matinee is given by the matrix. Children Students Adults Cinema I 235 110 70 A = Cinema II 95190 235Cinema III300 70 110 Cinema IV 0220 235Write a column vector B representing the admission prices.B =6 8 10 Compute AB, the column vector showing the gross receipts for each theater.AB = Find the total revenue collected at the Cinema Center for admission that Sunday afternoon.$

Answered: The Cinema Center consists of four…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The Cinema Center consists of four theaters: Cinemas I, II, III, and IV. The admission price for one feature at the Center is $6 for children, $8 for students, and $10 for adults. The attendance for the Sunday matinee is given by the matrix.

Children

Students

Adults

Cinema I

235

110

A =

Cinema II

190

235

Cinema III

300

110

Cinema IV

220

235

Write a column vector B representing the admission prices.

B =

6
8
10

Compute AB, the column vector showing the gross receipts for each theater.

AB =

Find the total revenue collected at the Cinema Center for admission that Sunday afternoon.
$

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