According to the Text, Mumbai Could "Cope" with as Many

question 90

Multiple Choice

According to the text, Mumbai could "cope" with as many as 10 million people, but, today the Greater Mumbai population is __________ million.

• A)21
• B)32
• C)43
• D)54

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Definitions:

Fixed Costs

Expenses that do not change in total regardless of the level of production or sales volume, such as rent or insurance.

Break-even Point

The point at which a company's revenue equals its expenses, resulting in no net loss or gain.

Contribution Margin Ratio

This ratio measures how much of a company's revenues will contribute to covering its fixed costs and generating profit, after variable costs have been paid.

Operating Income

Profit generated from normal business operations, calculated as sales minus cost of goods sold and operating expenses.