Use the Combinations Formula

question 18

Multiple Choice

Use the Combinations Formula
-From 9 names on a ballot, a committee of 4 will be elected to attend a political national convention. How many different committees are possible?

• A) 126
• B) 3024
• C) 15,120
• D) 1512

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Definitions:

Game Console

A dedicated electronic device designed to play video games through a connection to a television or other display screen.

Highly Concentrated

Refers to a market structure where a small number of firms hold a large portion of the market share.

Natural Monopoly

A market condition where a single firm can provide goods or services to an entire market at a lower cost than two or more companies could, due to high fixed costs and significant economies of scale.

Economies of Scale

The financial benefits gained by businesses as a result of their operating size, where the cost for each unit produced decreases as the scale of operation grows.