Solve the Problem. -If a License Plate Consists of Two Letters Followed by Letters

question 103

Multiple Choice

Solve the problem.
-If a license plate consists of two letters followed by four digits, how many different licenses could be created having at least one letter or digit repeated.

• A)3,484,000 licenses
• B)6,760,000 licenses
• C)4,009,824 licenses
• D)3,276,000 licenses

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Definitions:

Budget Constraint

The representation of all the combinations of goods and services that a consumer can afford to buy with their income at given prices.

Utility

An indicator of the contentment or joy people experience from consuming products and services.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, highlighting combinations that provide the same level of utility to the consumer.

Total Utility

The total gratification or enjoyment a customer receives from using a specific amount of products or services.