The Excel Formula =MINVERSE(B1:D3) Will Calculate

question 37

Multiple Choice

The Excel formula =MINVERSE(B1:D3) will calculate

• A)the inverse of each value in the range B1 through D3.
• B)the smallest value in the range B1 through D3.
• C)the inverse of the matrix in range B1 through D3.
• D)none of the above.

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Definitions:

Marginal Productivity Theory

An economic theory that explains how the value of a productive input is determined by its contribution to the total output.

Income Distribution

The way in which total income is divided among the members of a society.

Marginal Contribution

The additional amount of revenue or benefit generated by utilizing one more unit of a resource or producing one additional unit of a product.

Complementary Resources

Assets or inputs that enhance the value or performance of another asset or input when used in conjunction, such as gasoline for cars or software for computers.