To Select a Range of Cells for Use as Arguments

question 47

True/False

To select a range of cells for use as arguments in a function, click the upper-left cell and release the mouse button.

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Definitions:

Average Variable Cost

The total variable cost of production divided by the number of units produced, indicating the variable cost per unit.

Break-even Point

The point at which total cost and total revenue are equal, meaning there is no profit or loss.

Average Total Cost (ATC)

Total cost divided by output.

Average Variable Cost (AVC)

Variable cost divided by output.