A Function Screen Tip

question 83

Multiple Choice

A function Screen Tip

• A) automatically inserts functions such as SUM (B4:C4).
• B) calculates the total of values contained in two or more cells.
• C) automatically inserts formulas such as =B4+C4.
• D) is a small pop-up description that displays the arguments for a function as you enter it.

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Definitions:

Inferior Good

A type of good for which demand decreases when consumer income rises, contrasting with normal goods, for which the opposite is observed.

Utility Function

A mathematical representation of how consumer preference over a set of goods and services translates into choices given constraints, like income.

Tape Recorders

Devices used for recording sound onto magnetic tape.

Inferior Good

A type of good for which demand decreases as the income of individuals increases, in contrast to normal goods.