Solve the Problem. -There Are 12 Members on a Board of Directors. If

question 123

Multiple Choice

Solve the problem.
-There are 12 members on a board of directors. If they must form a subcommittee of 3 members, how many different subcommittees are possible?

• A)1320
• B)220
• C)6
• D)1728

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Definitions:

Deadweight Loss

A loss in economic efficiency that occurs when the optimal quantity of a good is not produced, often due to market distortions.

Daily Demand

The total amount of a good or service that consumers are willing and able to purchase at a particular price in a single day.

Tax

A necessary financial obligation or variant form of imposition placed upon a taxpayer by a governing institution aimed at generating income for government use and public expense funding.

Deadweight Loss

The loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.