A Manager of a Road Construction Company Must Send One

question 84

Multiple Choice

A manager of a road construction company must send one engineer to each of three different job sites to meet with government inspectors. There are 8 engineers available. How many different ways can the manager send one engineer to each of the job sites? (Assume that sending a particular engineer to job site 1 is different than sending the same engineer to either job site 2 or 3.)

• A) 336
• B) 6720
• C) 56
• D) 6

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Definitions:

Luxury

Goods or services that are considered non-essential but desirable, often associated with high quality and high price.

Price Elastic

The responsiveness of the quantity demanded or supplied of a good to a change in its price. High elasticity means quantity changes significantly with price changes.

Necessity

A requirement or indispensability; something that cannot be done without.

Midpoint Method

A technique used in economics to calculate the elasticity of demand or supply, measuring the percentage change in quantity demanded or supplied relative to a percentage change in price.