There Are 12 Runners in a Race

question 213

Multiple Choice

There are 12 runners in a race. In how many ways can the first, second, and third place finishes occur? (Assumethere are no ties.)

• A) 1320
• B) 220
• C) 1324
• D) 218

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Definitions:

Capital Income

This term refers to the total amount of money generated from investments, dividends, interest, and any other sources other than labor earnings.

Rent

A regular payment made for the use of land, property, or equipment.

Opportunity Cost

The skipping of feasible improvements from various alternatives due to settling on one.

Own Savings

The portion of personal or household income that is not spent on consumption but is kept aside for future use, investments, or emergencies.