Solve the Problem. -There Are 11 Essay Questions on a Test. Students Must

question 44

Multiple Choice

Solve the problem.
-There are 11 essay questions on a test. Students must select 3 questions to write essays on. In how many ways can the 3 questions be chosen?

• A) 990
• B) 172
• C) 165
• D) 163

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Definitions:

Purely Competitive Conditions

Market situations in which a large number of firms produce identical products, and there is no single seller who can influence the market price.

Profit-maximizing Equilibrium

A state in which a firm achieves the highest possible profit, given its production costs and market conditions.

Appliance Manufacturer

A company that produces electrical machines and devices for domestic use.