In Excel, the RAND() Function Generates Either a 0 or a 1

question 11

True/False

In Excel, the RAND() function generates either a 0 or a 1, purely at random.

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Definitions:

Long-run Equilibrium

The state in which, over time, supply and demand are balanced, and all adjustments to economic conditions have been made, resulting in stable prices and outputs.

Marginal Cost

The hike in expense for producing another unit of a product or service.