A Test Requires That You Answer Either Part a or Part

question 4

Multiple Choice

A test requires that you answer either Part A or Part B. Part A consists of 16 true-false questions and part B consists of 10 multiple-choice questions with one correct answer out of 3. How many different completed answer sheets are possible ?

• A)65,566 sheets
• B) 1,966,080 sheets
• C) 59,081 sheets
• D) 960 sheets
• E) 124,585 sheets

---

Definitions:

Marginal Revenue

The supplementary income produced through the sale of an extra unit of a product or service.

Equilibrium Price

The price at which the quantity of goods suppliers are willing to produce equals the quantity of goods consumers are willing to buy.

Normal Profit

The minimum level of profit necessary for a company to remain competitive in the market, covering opportunity costs but not generating economic profit.

Market Equilibrium

The state in which market supply and demand balance each other, and, as a result, prices become stable.