Give the Logical Function for the Following: If Cell B7

question 32

Multiple Choice

Give the logical function for the following: If cell B7 equals 12, check contents of cell B10. If cell B10 is 10, then the value of the function in the string is YES; if not, it is a blank space. If cell B7 does not equal 12, then the value of the function is 7.

• A) =IF(B7=12,(AND(B10=10, "")(YES)),7)
• B) =IF(B10=10,(OR(B7=12,"")"YES")7)
• C) =IF(B7=12,(IF(B10=10,"YES", "")),7)
• D) =IF(B7=12,(AND(B10=10,"YES","")(B10="NO"),7)

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Definitions:

Long Run

A period in economics where all factors of production and costs are variable, allowing all inputs to be adjusted.

Short Run

A period in which at least one factor of production is fixed, limiting the ability of a business to expand its output.

Isoquants

A curve representing all combinations of inputs that give the same level of output.

Production Function

An equation that describes the relationship between inputs and the maximum output that can be produced.