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A city consists of five boroughs, and each borough has three neighborhoods and each neighborhood consists of ten houses. You have been hired to run a fiber-optic cable, networking all of the houses to each other. No matter the length, it costs $50 to connect any one house to any other house. Based on all of this information, what will it cost to network all of the houses together so that there are no redundancies? Hint: Think of each house as a vertex.
(a) $7450
(b) $7500
(c) $8000
(d) $8500
(e) None of the above.
Price Controls
Government-imposed limits on the prices that can be charged for goods and services in the market, typically including price ceilings and price floors.
Economists
Professionals who study how goods and services are produced, distributed, and consumed, analyzing economic issues and trends.
Minimum Wage
The lowest legal wage that employers can pay workers, set by government law.
Teenagers
Individuals typically aged between 13 and 19 years, characterized by puberty, a transition from childhood to adulthood, and increased independence.
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