Question: Figure 1 shows the inputs and formulas for a model which calculates profit based on assumptions about price, cost per unit, and quantity. What kind

Figure 1 shows the inputs and formulas for a

Figure 1 shows the inputs and formulas for a model which calculates profit based on assumptions about price, cost per unit, and quantity. What kind of model is this?

a. Descriptive

b. Predictive

c. Prescriptive

d. None of the above

Figure 1 A B 1 2. 3 25 Price Cost per unit 5 3 6 7 8 Quantity 5 Cost =C5*C7 9 10 11 12 13 Revenue =C7*C4 Profit =C11-09

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