How Many Subsets Does the Set a = { A,b,c,d,e,f,g,h

question 20

Multiple Choice

How many subsets does the set A = { a,b,c,d,e,f,g,h } have? ​

• A) 512
• B) 256
• C) 1024
• D) 16
• E) 2048

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Definitions:

Decreasing Returns to Scale

Decreasing returns to scale occur when increasing the inputs used in production results in a less than proportional increase in output.

Total Cost

The aggregate of expenses involved in creating goods or delivering services, covering both stable and changeable costs.

Producing Bagels

The process of making bagels, involving mixing, shaping, boiling, and baking dough in a manner specific to this type of bread.

Marginal Cost

Marginal cost is the additional cost incurred from producing one more unit of a good or service.