Backward Sensitivity Analysis Software Is Used for

question 76

Multiple Choice

Backward sensitivity analysis software is used for

• A) supply chain optimization.
• B) historical what-if analysis.
• C) goal seeking.
• D) reverse forecasting.

Analyze the effect of supply and demand on pricing strategies in monopolistic markets.

Calculate profit-maximizing output levels for firms in various market scenarios.

Understand how labor supply curves can influence wage rates and labor costs.

Recognize the role of marginal costs in decision-making processes for monopolistic firms.