Evaluate the Expression $\frac { 5 ! } { 2 ! }$

question 24

Multiple Choice

Evaluate the expression. $\frac { 5 ! } { 2 ! }$

• A) 24
• B) 360
• C) 120
• D) 60
• E) 121

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Definitions:

Production Possibilities Curve

A graph that shows the maximum number of possible units a company can produce if it only produces two types of goods.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs, highlighting the trade-offs in production levels between two commodities.

Fully Employed Resources

A situation in which all available labor and capital resources are being used in the most economically efficient way.

Economic Growth

The increase in a country's output of goods and services over time, indicated by a rise in real GDP.