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Exam (elaborations)

MSIS 3223 FINAL EXAM REVIEW OKST (NORD) ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

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MSIS 3223 FINAL EXAM REVIEW OKST (NORD) ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Variable cost = ? - Answer -Unit Variable Cost * Quantity Produced Total Cost = - Answer -Fixed Cost + Variable Cost* Quantity Produced Also written as C=F+VQ Logic suggests that variable cost is the unit variable cost times the quantity of item produced. Thus a ____________ would be - Answer - descriptive model _______has an influence on profit by predicting how many units of a product will be sold.______________produced is a decision option typically based on demand. - Answer -1) Demand 2) Quantity The spreadsheet model for _____ is revenue minus variable cost minus fixed cost. - Answer -1)Profit

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