Which of the Following Options Should You Select to Have

question 614

Multiple Choice

Which of the following options should you select to have Excel update all formulas as you edit a worksheet?

• A) Manual calculation
• B) Automatic calculation
• C) Control calculations
• D) Calculate later

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Definitions:

Production Function

A mathematical relationship that describes how inputs are transformed into outputs in the production process, illustrating the maximum output achievable from a given set of inputs.

Marginal Product

Marginal product is the additional output a firm gains from employing one more unit of input, holding all other inputs constant.

Labor

The human effort, either physical or mental, that is used in the production process to generate goods or services.

Marginal Product

The rise in production resulting from the use of one more unit of input.