After a Table Has Been Named, That Name Can Be

question 49

True/False

After a table has been named, that name can be used in functions instead of cell references.

---

Definitions:

Production Possibilities Frontier

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

Increasing Opportunity Cost

A principle that states as more resources are dedicated to an activity, the cost of producing an additional unit increases.

Bowed Inward

Describes a concave shape of an economic curve, such as the production possibility frontier, indicating increasing opportunity costs.

Bowed Out

A term used to describe a situation where a party withdraws from an agreement, competition, or situation.