Solve the Problem. -How Many Different License Plates Can Be Made Using 4

question 14

Multiple Choice

Solve the problem.
-How many different license plates can be made using 4 letters followed by 2 digits selected from the digits 0 through 9, if digits may be repeated but letters may not be repeated?

• A) 41,127,840
• B) 889.880952
• C) 35,880,000
• D) 45,697,600

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Definitions:

Willing To Pay

The maximum amount an individual is prepared to spend to purchase a good or service or to avoid something undesirable.

Moral Hazard

A situation in economics where one party is willing to take risks because the costs that could result will not be borne by that party.

Behavior Alteration

The modification or change in individual or group behaviors, often initiated by interventions or environmental modifications.

Asymmetric Information

A situation where one party to a market transaction has more information about a product or service than the other. The result may be an under- or overallocation of resources.