The ROUND Argument Num_digits Is a Single Value That Can

question 124

True/False

The ROUND argument num_digits is a single value that can be a constant, a cell reference where the cell contains a numerical value, or another formula that results in a single number value.

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Definitions:

Utility Function

An economic model that measures preferences over a set of goods and services.

Budget Constraint

An economic model that represents all the combinations of goods and services a consumer can purchase given their income and the prices of those goods and services.

Bundle

A collection of goods or services that are sold together.

Marginal Rate of Substitution

The rate at which a consumer is willing to give up some amount of one good in exchange for another good while keeping the same level of utility.