In Los Angeles, How Many People Are Represented by Each

question 17

Multiple Choice

In Los Angeles, how many people are represented by each member of the board of supervisors?

• A) 500,000
• B) 1 million
• C) 2 million
• D) 3 million

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Definitions:

Contribution Per Unit

Equals the price less the variable cost per unit. Variable used to determine the break-even point in units.

Variable Cost

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production volume.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent or salaries.

Break-Even Point

The financial point at which total costs equal total revenue, meaning there is no profit or loss.