In 1980, the Population of a City Was 5 $\frac { 1 } { 9 }$

question 86

Multiple Choice

In 1980, the population of a city was 5.5 million. By 1992 the population had grown to 6.5 million. Find the average rate of change in the population.

• A) \(\frac { 1 } { 9 }\) million per year
• B) \(\frac { 13 } { 24 }\) million per year
• C) \(\frac { 1 } { 14 }\) million per year
• D) \(\frac { 1 } { 12 }\) million per year

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Definitions:

Inputs

Resources, materials, or information that are used in the production process to create goods or services.

Outputs

The final products or results generated by a system, process, or activity.

Contribution Margin Ratio

A financial metric indicating the portion of sales revenue that exceeds variable costs and contributes to covering fixed costs and generating profit.

Total Sales Revenue

The total income generated from selling goods or services before any expenses are subtracted.