The Cell That Represents the Output of a Computer Simulation

question 17

Multiple Choice

The cell that represents the output of a computer simulation is referred to as:

• A)an assumption cell
• B)a decision variable
• C)a forecast cell
• D)a data cell
• E)None of the above

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a competitive marketplace.

Production Increase

An uptick in the quantity of goods and services produced within a given time frame.

Marginal Product

The additional output gained from employing one more unit of a particular input while keeping other inputs constant.

Marginal Revenue Product

The supplementary earnings derived from utilizing an extra unit of a resource, like labor or capital.