The Permutation Formula Can Be Used to Determine Which of the Following

question 234

Multiple Choice

The permutation formula can be used to determine which of the following? A: The number of possible license plates made with three letters and three digits given that repetition is allowed
B: The number of ways of choosing 6 CDs from 20 to bring on vacation
$C$ : The number of ways of choosing a first place winner and a second place winner from 10 finalists

• A) \(B\) and \(C\)
• B) \(A\) and \(C\)
• C) \(A\) and B
• D) A only
• E) Conly

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Definitions:

Economic Rent

Earnings in excess of the minimum required to keep a factor of production in its current use, often derived from unique advantages.

Demand For Land

The economic desire or need for land for various purposes such as agriculture, residential, commercial, or industrial developments.

Resource

An economic input used to produce goods and services, such as labor, capital, and natural resources.

Land

In economics, it refers to all natural resources used to produce goods and services, including agricultural and undeveloped land.