The Number of Site Combinations Evaluated by the Complete Enumeration

question 11

Multiple Choice

The number of site combinations evaluated by the complete enumeration algorithm is equal to:

• A)the number of bank sites n multiplied by the number of customer groups.
• B)the number of bank sites minus 1.
• C)2 times the number of bank sites minus 1.
• D)2 raised to the power of the number of bank sites minus 1.

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Definitions:

Marginal Revenue

The additional revenue that is generated by selling one more unit of a product or service.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity of output produced.

Marginal Cost

Marginal cost is the additional cost incurred in the production of one more unit of a good or service.

General Motors

An American multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts.