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Use the table below to answer the following question(s). In the spreadsheet below, there is data on the price, cost, demand, and quantity produced for an item. There are also different "what if" values that can help a manager to calculate costs and revenue with variability in demand. JA Profit Model B 2 What-If Demand Values 3 Data |20,000 |40,000 |55,000 60,000 |65,000 4 |Unit Price ($) |Unit Cost ($) Fixed Cost ($) Demand Quantity Produced |50 |25 |550,000 |60,000 |55,000 15 17 19 10 Which of the following is the Excel formula to determine the number of units sold? =B8 =MIN(0,B8,B9) =MAX(0,B8,B9) =MIN(B8,B9)

Use the table below to answer the following question(s). In the spreadsheet below, there is data on the price, cost, demand, and quantity produced for an item. There are also different "what if" values that can help a manager to calculate costs and revenue with variability in demand. JA Profit Model B 2 What-If Demand Values 3 Data |20,000 |40,000 |55,000 60,000 |65,000 4 |Unit Price ($) |Unit Cost ($) Fixed Cost ($) Demand Quantity Produced |50 |25 |550,000 |60,000 |55,000 15 17 19 10 Which of the following is the Excel formula to determine the number of units sold? =B8 =MIN(0,B8,B9) =MAX(0,B8,B9) =MIN(B8,B9)

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Use the table below to answer the following question(s). In the spreadsheet below, there is data on the price, cost, demand, and quantity produced for an item. There are also different "what if" values that can help a manager to calculate costs and revenue with variability in demand. Profit Model 12 What-If Demand Values 3 Data 20,000 40,000 |55,000 60,000 65,000 4 Unit Price ($) Unit Cost ($) Fixed Cost ($) Demand Quantity Produced 50 25 550,000 60,000 |55,000 7 10 Which of the following is the Excel formula to determine the number of units sold? =B8 =MIN(0,B8,B9) =MAX(0,B8,B9) =MIN(B8,B9)
Transcribed Image Text:Use the table below to answer the following question(s). In the spreadsheet below, there is data on the price, cost, demand, and quantity produced for an item. There are also different "what if" values that can help a manager to calculate costs and revenue with variability in demand. Profit Model 12 What-If Demand Values 3 Data 20,000 40,000 |55,000 60,000 65,000 4 Unit Price ($) Unit Cost ($) Fixed Cost ($) Demand Quantity Produced 50 25 550,000 60,000 |55,000 7 10 Which of the following is the Excel formula to determine the number of units sold? =B8 =MIN(0,B8,B9) =MAX(0,B8,B9) =MIN(B8,B9)
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