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An urn contains ten marbles numbered 1 through 10.If two marbles are randomly drawn in succession without replacement,determine the probability that
(a)the first marble drawn shows 1 and the second shows 2;
(b)both show an odd number;
(c)at least one marble shows a number greater than 5.
Total Utility
The total satisfaction received from consuming a particular quantity of goods or services.
Money Income
The complete sum of money earned by an individual or a household that includes earnings from work, salaries, and additional income sources.
Budget Line
A graphical depiction of all possible combinations of two goods that can be purchased with a given budget and prices.
Price Ratio
The ratio of the prices of two goods or services, often used in the context of trade or barter.
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