The Following Table Shows the Amount Spent, in Billions of Dollars

question 52

Multiple Choice

The following table shows the amount spent, in billions of dollars, on recreational boats and accessories in the United States during the period 1999-2001. (Let S be the set of all dollars represented in the table.) Compute the cardinality of the set described as $$n ( N \cap C )$$ . $$\begin{array} { | l | l | l | l | l | } \hline & \text { Used Boats, } \boldsymbol { U } & \text { New Boats, } \boldsymbol { N } & \text { Accessories, } \boldsymbol { R } & \text { Total } \\\hline \mathbf { 1 9 9 9 , } , \boldsymbol { A } & 7 & 5 & 2 & 14 \\\hline \mathbf { 2 0 0 0 } , \boldsymbol { B } & 7 & 7.5 & 3 & 17.5 \\\hline \mathbf { 2 0 0 1 } , \boldsymbol { C } & 6 & 9 & 4 & 19 \\\hline \text { Total } & 20 & 21.5 & 9 & 50.5 \\\hline\end{array}$$

• A)6
• B) 21.5
• C) 19
• D) 5
• E) 9

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Definitions:

Contribution Margin

Contribution Margin represents the portion of sales revenue that is not consumed by variable costs and contributes to covering fixed costs.

Machine Minutes

A measurement of time expressing the operation of a machine in minutes.

Unlimited Demand

A theoretical concept where there is no upper limit to the quantity of a good or service that consumers wish to purchase, at a zero price point.

Materials Costs

The cost of raw materials used in the production of goods, a major component of the total manufacturing cost.