In Excel a Table Is a Range of Related Data

question 112

Multiple Choice

In Excel a table is a range of related data that is managed independently from the data in other ____ in the worksheet.

• A)rows and headers
• B)grids and columns
• C)rows and columns
• D)footers and grids

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Definitions:

Willingness To Pay

The maximum amount an individual is prepared to offer for a good or service, reflecting the value they place on it.

Supply Curve

A graphical representation that shows the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply to the market.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit to consumers.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; every good or service is distributed to meet the desires of consumers.