Solve the Problem B) C) $\{ a , d , r \} , \{ a , d , s \} , \{ a , d , t \} , \{ a , r , s \} , \{ d , r , s \} , \{ d , r , t \} , \{ d , s , t \} , \{ r , s , t \}$

question 226

Multiple Choice

Solve the problem.
-A committee is to be formed. Possible candidates for the committee are Anne, Daniel, Raul, Sarah, and Teresa. Denoting these five people by a, d, r, s, t, list all possible committees of three people (ie List all possible subsets of size three) .

• A) \(\{ a , d , r \} , \{ a , d , s \} , \{ a , d , t \} , \{ a , r , s \} , \{ a , r , t \} , \{ a , s , t \} , \{ d , r , s \} , \{ d , r , t \} , \{ d , s , t \} , \{ r , s , t \} , \{ d , a , r \} , \{ s , t , d \}\)
• B) \(\{ a , d , r \} , \{ a , d , s \} , \{ a , d , t \} , \{ a , r , s \} , \{ a , r , t \} , \{ a , s , t \} , \{ d , r , t \} , \{ d , s , t \} , \{ r , s , t \}\)
• C) \(\{ a , d , r \} , \{ a , d , s \} , \{ a , d , t \} , \{ a , r , s \} , \{ d , r , s \} , \{ d , r , t \} , \{ d , s , t \} , \{ r , s , t \}\)
• D) \(\{ a , d , r \} , \{ a , d , s \} , \{ a , d , t \} , \{ a , r , s \} , \{ a , r , t \} , \{ a , s , t \} , \{ d , r , s \} , \{ d , r , t \} , \{ d , s , t \} , \{ r , s , t \}\)

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Definitions:

Factors of Production

The inputs used in the production of goods or services in the process of economic activity, including land, labor, capital, and entrepreneurship.

Inputs

Resources such as labor, capital, and materials used in the production process to create an output.

Marginal Product

The additional output that is produced by adding one more unit of a specific input while holding all other inputs constant.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded.