Question 19 In the spreadsheet below, there is data on the price, demand, quanti

Question

Question 19 In the spreadsheet below, there is data on the price, demand, quantity produced, and cost for an item. There are also different "what if" values that can help a manager to calculate costs and revenue with variability in demand. Which of the following is the Excel formula to determine the number of units sold? Not yet Points out of 1 Flag question rofit Model What-IfDemand Values 0,000 0,000 55,000 0,000 5,000 ata Unit Price (S) Unit Cost (S) Fixed Cost (S) 50 emand uantitv Produced 50,000 0,000 5,000 10 Select one: b. MIN(0,B8,B9) C.-MIN(B8B9) O d. -MAX(0,B8,B9)

Explanation / Answer

Answer is > c. =Min(B8, B9)

The above equation will take minimum of Demand or Quantity produced viz. 60,000 or 55,000. Quantity sold will never be more the produced quantity hence, Min of Demand or Produced.

Result should be 55,000

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