Ten Project Managers Are Available for Assignment to Six Upcoming

question 55

Multiple Choice

Ten project managers are available for assignment to six upcoming projects at Crosslands Development.How many subgroups of size six could be formed from the list of ten project managers?

• A)1020
• B)360
• C)440
• D)210
• E)582

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Definitions:

Producer Surplus

The gap between the minimum amount sellers are prepared to accept for a product or service and the increased amount they actually get because of elevated market prices.

Deadweight Loss

A shortfall in economic efficiency due to a good or service not reaching free market equilibrium.

Total Surplus

The combined value of consumer and producer surplus that signifies the overall advantage to society through the manufacturing and consumption of products or services.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive in the market.