A Medical Salesperson Is to Visit the Various Members of the Staff

question 89

Multiple Choice

A medical salesperson is to visit the various members of the staff at a clinic. He must see 8 doctors, 6physicians assistants, 12 nurses, 3 medical technologists, and 3 receptionists. How many different ways canthese people be visited by the salesperson if the order is not important?

• A) 5184
• B) 32
• C) 25,920
• D) 6,220,800

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a marketplace, determined by supply and demand.

Cartel

A formal agreement among competing firms to control prices or exclude entry of a new competitor in the market.

Market Price

The current price at which an asset or service can be bought or sold in a particular market.

Substitutes

Products or services that can be used in place of each other, having a positive cross-price elasticity of demand.