Briefly Describe Each of the Arguments in an IF Function

question 120

Essay

Briefly describe each of the arguments in an IF function: IF(logical_test,value_if_true,value_if_false).

---

Definitions:

True Values

Refers to the actual, inherent value or worth of an item, property, or financial instrument, as opposed to its market price or cost.

Just over

Slightly more than a specified amount, number, or degree.

Consumer Surplus

The discrepancy between what consumers are ready and able to spend on a good or service and the amount they end up paying.

Producer Surplus

The difference between the amount that producers are willing to accept for a good or service and the actual amount they receive.