The Rule for the Optimal Use of Any Input States

question 131

Multiple Choice

The rule for the optimal use of any input states that

• A) when MRP is less than price, profit will increase when more of that resource is utilized.
• B) when MRP is greater than resource price, profit will increase when more of that resource is utilized.
• C) when MRP equals price, profit will increase when less of that resource is utilized.
• D) when MRP is greater than resource price, profit will increase when less of that resource is utilized.
• E) resources should be used only if MRP exceeds product price.

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Definitions:

Change To Range

The process of converting a set of data or cell references in spreadsheet software from a fixed format to a more flexible range format.

Table Tools Design

A set of specific utilities in spreadsheet and database software used for formatting and designing tables.

Range

The difference between the highest and lowest values in a set, or a set of cells selected in a spreadsheet.

DGET Function

A database function in spreadsheet programs that extracts a single value from a column of a list or database that matches specified conditions.