Between 1500 and 1600, the Native Population of the New

question 45

Multiple Choice

Between 1500 and 1600, the native population of the New World may have dropped from twenty million to

• A)two million.
• B)five million.
• C)eight million.
• D)twelve million.
• E)none of the above

---

Definitions:

Contribution Margin Ratio

A measure of a company's ability to cover variable costs with sales, calculated as (Sales - Variable Costs)/Sales.

Fixed Costs

Expenditures on items like rent, salaries, and insurance that stay fixed, irrespective of production or sales figures.

Contribution Margin Ratio

A financial metric that calculates the percentage of sales revenue that exceeds variable costs, contributing toward fixed costs and profit.

Break-Even Point

The break-even point is the point at which total costs and total revenue are equal, resulting in no net loss or gain, and is used for analyzing the financial viability of a product or service.