Which of the Following Functions Is Best Suited to Add

question 3

Multiple Choice

Which of the following functions is best suited to add numbers based on one condition?

• A)SUMIFS
• B)SUMIF
• C)COUNTIF
• D)COUNTIFS

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Definitions:

Good Y

A hypothetical or generic item used in economic examples or models to represent a type of product or service in the market.

Units

Basic quantities or measures adopted to quantify and express variables in a particular field or for specific goods.

Marginal Rate of Substitution

The rate at which a consumer is willing to give up one good in exchange for another good, while maintaining the same level of utility.

Good Y

A generic term used to denote a particular good or product in economic models.