When You Use a Named Range in a Formula, It

question 314

Multiple Choice

When you use a named range in a formula, it becomes a(n) _____ reference by default.

• A) external
• B) 3-D
• C) absolute
• D) relative

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Definitions:

Rent

A payment made by tenants to landlords in exchange for the use of real estate, equipment, or other properties.

Marginal Physical Product

The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.

MRP

Marginal Revenue Product; the additional revenue generated from employing one more unit of input or labor.

Derived Demand

Demand for resources derived from demand for the final product.