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Charts Are Updated Automatically in Excel Whenever Data Changes

question 383

True/False

Charts are updated automatically in Excel whenever data changes.


Definitions:

Break-even Price

The price at which total revenues equals total costs, resulting in neither profit nor loss.

Shut-down Price

The price level at which a business's revenue just covers its variable costs, below which it will cease operations.

Average Variable Cost

The average cost of variable inputs (like labor and materials) per unit of output produced.

Minimum

The lowest point on a nonlinear curve, where the slope changes from negative to positive.

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