Case EX 8-2 Paco Wants to Change Some of the Elements

question 18

Multiple Choice

Case EX 8-2 Paco wants to change some of the elements in his chart, including the fill and border color. On a separate chart that he is working on, Paco needs to access the Format dialog box for the chart legend. First, he selects the chart he wants to edit. Then, on the ____ tab under Chart Tools on the Ribbon, in the Current Selection group, he clicks the Format Selection button.

• A) Layout
• B) Page Layout
• C) Data
• D) Format

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Definitions:

Profitable Output

The level of production at which a company maximizes its profits under given market conditions.

Break-even Point

The production level at which total revenues equal total expenses, and there is no profit or loss.

Short-run Supply Curve

A graphical representation in economics showing the relationship between the price level and the quantity of goods supplied over a short period, where some factors of production are fixed.

AVC Curve

The Average Variable Cost curve represents how the variable cost per unit of output changes with the quantity produced.