Container 1 Has 8 Items,3 of Which Are Defective

question 62

Multiple Choice

Container 1 has 8 items,3 of which are defective.Container 2 has 5 items,2 of which are defective.One item is selected at random from each container.What is the probability that both items are not defective?

• A)003
• B)098
• C)246
• D)375
• E)539

Understand the implications of technological change on market efficiency and firm strategy.

Identify the effects of policy changes on market outcomes.

Distinguish between profit maximization strategies under shifting market conditions.

Comprehend the role of prices in reflecting costs and signaling changes in market equilibrium.

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Definitions:

Wages

Payments made to employees for their labor, typically calculated by hour, day, or piece.

Foregone Opportunities

The benefits or income missed out on when choosing one alternative over another.

Tuition

The fee charged for instruction or education provided by schools, colleges, and universities.

Equality

The condition of having equal status, rights, and chances.