Examlex
a club with 20 women and 17 men needs to form a committee of size six.
-How many committees are possible if the committee must have at least two men?
Materials Cost
The expense associated with the raw materials and supplies used in the production of goods or services.
Labor
The work performed by individuals that contributes to the production of goods or services in an economy, often categorized as manual or skilled tasks.
Monthly Expenses
Regular costs incurred every month, such as rent, utilities, and groceries, necessary for maintaining a standard of living.
Contribution Margin
The amount by which a product's sales revenue exceeds its variable costs, used to cover fixed costs and contribute to profits.
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