China's Population

question 74

Multiple Choice

China's population

• A) had a majority of females over males as so many of the latter died in China's many wars.
• B) was about 400 million in 1395.
• C) was stagnant between 1600 and 1700.
• D) grew fast during the 1600-1800 period, reaching over 300,000,000 by 1800.
• E) declined between 1600 and 1800 because of a renewal of the bubonic plague.

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Definitions:

Mixed Cost

Mixed Cost refers to expenses that have both fixed and variable components, changing in total with activity level but also containing a static portion that remains constant.

Variable Cost

Costs that change in proportion to the level of goods or services a company produces.

Fixed Cost

Costs that do not vary with the level of production or sales, remaining constant even when the volume of output changes.

High-low Method

An approach used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.