Case EX 4-2 Ben Is Copying Some Formulas and Wants

question 43

Multiple Choice

Case EX 4-2 Ben is copying some formulas and wants to make sure he has the cell references correct. Ben also wants to copy a formula from the bottom of the spreadsheet and put it at the top of the spreadsheet in a summary section. He wants the formula to stay exactly the same and result in the same figure. What type of cell reference should Ben use?

• A) Mixed
• B) Relative
• C) Absolute
• D) None of the above

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Definitions:

Marginal Product

The change in output that results from employing an additional unit of input, holding all other inputs constant.

Average Product

The output per unit of a particular input, such as labor or capital.

Optimal Production Technique

A method that contributes to the most efficient process of producing goods and services given the available resources and technology.

Price of Capital

The cost of using capital assets, including the interest or finance charges paid on borrowed funds or the opportunity cost of using owned capital.