What Formula Would You Use to Calculate the Total of the Values

question 6

Multiple Choice

What formula would you use to calculate the total of the values in cells A1 through A4?

• A) =SUM(A1:A4)
• B) =(A1-A4)
• C) =SUM(A1-A4)
• D) =(A1:A4)

---

Definitions:

Income

The money received by individuals or entities, typically in the form of wages, salaries, or various types of investments returns.

Opportunity Cost

The forfeiture of possible benefits from other options when a specific choice is made.

Real Cost

The total cost of producing a good or service, considering all resources including time and opportunity costs.

Choice Set

A set of all possible options available for a consumer or a decision-maker in a given context.