You Have 800,000 People Who Follow You on Twitter

question 14

Multiple Choice

You have 800,000 people who follow you on Twitter. You would like to choose a president, a vicepresident and a secretary from your 800,000 followers to form a Fan-Club. How many different ways could this be done, realizing that order of the choices will matter?

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Definitions:

Productivity

A measure of the efficiency of production, often expressed as the ratio of outputs produced to inputs used.

Hourly Wage

The hourly wage an employee receives for their work.

Equilibrium Purchase Price

The price at which the quantity of goods demanded by consumers equals the quantity of goods supplied by producers.

Marginal Product

The boost in production resulting from one more unit of input, while keeping other inputs unchanged.