After You Create a Scenario, You Can Use the Scenario

question 117

Multiple Choice

After you create a scenario, you can use the Scenario Manager ____ to change its values to extend your what-if analysis.

• A) dialog box
• B) toolbar
• C) status bar
• D) Wizard

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Definitions:

Average Variable Costs

Calculated by dividing the total variable costs by the quantity of output produced; it's the variable cost per unit of output.

Average Variable Costs

an economic measure representing variable costs (expenses that change with production levels) averaged over a quantity of output.

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit of a good changes as the production volume is increased.

Average Variable Cost Curve

A graph that displays how the variable cost per unit changes with changes in output level.