Which of the Following Is NOT True About Changing the Page

question 37

Multiple Choice

Which of the following is NOT true about changing the page setup?

• A) Page Break Preview shows you how the worksheet will be printed.
• B) You can drag the page break to a new location.
• C) The default setting is landscape orientation.
• D) The Fit to command fits the worksheet to a specific number of pages.

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Definitions:

Economic Profit

This is the difference between total revenue and total costs, including both explicit and implicit costs.

Monopoly Profit

The excess profits a monopoly firm earns over what it would earn if the industry were perfectly competitive, due to its control over the market supply and pricing.

Profit Maximizing

A strategy or point where a firm or individual produces at a level where the difference between total revenue and total cost is the greatest.

P = MC

The condition where price equals marginal cost, often used to determine the optimal level of output in perfect competition.