A Bag Contains 8 Apples and 6 Oranges

question 33

Multiple Choice

A bag contains 8 apples and 6 oranges. If you select 7 pieces of fruit without looking, how many ways can you get exactly 6 apples?

• A) 168
• B) 2016
• C) 56
• D) 336

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Definitions:

Advertising

A form of marketing communication used to promote or sell something, usually a business's product or service.

Product-Variety Externality

External effects that occur when the introduction of new products benefits consumers more than the producers, typically by increasing the variety of goods available.

Business-Stealing Externality

Business-Stealing Externality occurs when a new entrant in a market captures a portion of the incumbent firm's customers, potentially leading to costs not accounted for in the entrant's decisions.

Spillover Benefits

These are benefits experienced by those who are not directly involved in economic transactions or activities; they result from the positive externalities of such transactions.