Calculate the Binomial Coefficient $7 C _ { 5 }$ A)2520
B)35
C)21
D)1
E)0

question 24

Multiple Choice

Calculate the binomial coefficient: $7 C _ { 5 }$

• A)2520
• B)35
• C)21
• D)1
• E)0

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Definitions:

Price Floors

A minimum price, set by law or agreement, below which a commodity cannot legally be sold, often used in agriculture to stabilize market prices.

Taxes

Compulsory financial charges imposed by a government on individuals, businesses, or transactions to fund public spending.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, engaged in professional, commercial, or industrial activities.

Labor Hours

Labor hours refer to the total number of hours worked by employees within a specified period, often used to measure productivity and labor costs.