_______ Is a Program That Searches for the Optimal Solution

question 35

Multiple Choice

_______ is a program that searches for the optimal solution of a problem involving several variables.

• A)Trial and error
• B)Solver
• C)Goal Seek
• D)Scenario Manager

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Definitions:

Hybrid Cars

Vehicles powered by a combination of an internal combustion engine and one or more electric motors, using energy stored in batteries.

Opportunity Cost

Opportunity Cost is the value of the next best alternative foregone as the result of making a decision.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.

Optimal Point

The most desirable outcome or position where benefits are maximized, and costs are minimized based on certain criteria or constraints.