Evaluate the Binomial Coefficient $$\left( \begin{array} { l } 5 \\2\end{array} \right)$$

question 215

Multiple Choice

Evaluate the binomial coefficient.
- $$\left( \begin{array} { l } 5 \\2\end{array} \right)$$

• A)1
• B)0
• C)10
• D)5

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Definitions:

Indifference Curve Analysis

A graphical representation used in microeconomics to show combinations of two goods that provide the consumer with equal levels of utility.

Demand Curve

A graphical representation showing how the quantity demanded of a commodity changes with changes in its price, typically depicting an inverse relationship.

Budget Line

A graphical representation showing the combination of goods a consumer can purchase with a given income.

Money Income

The total amount of monetary earnings received by an individual or household in a specific period, including wages, salaries, and other forms of income.