_____ Is an Excel Function That Works Backward from an Objective

question 70

Multiple Choice

_____ is an Excel function that works backward from an objective to compute an unknown value.

• A)Pivot table
• B)Basic Filter
• C)Custom Filter
• D)Goal Seek

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Definitions:

Inputs

Resources used in the production process, including labor, capital, materials, and energy.

Marginal Output

The additional amount of output that is produced as a result of a one unit increase in the input of a production process.

Resource

Assets, materials, or inputs used to produce goods and services, including natural resources, human resources, and capital.

AVC Curve

Represents the Average Variable Cost Curve, which shows the relationship between a firm's output and the variable costs per unit of output, typically declining and then rising.