What Will Be the Approximate Population of the Canada, If

question 88

Multiple Choice

What will be the approximate population of the Canada, if its current population of 35 million grows at a compound rate of 2% annually for 25 years?

• A)51 million
• B)53 million
• C)61million
• D)57 million

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Definitions:

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales.

Average Variable Cost

The total variable cost divided by the quantity of output produced.

Output

The amount of goods or services produced by a company, sector, or economy.

Fixed Cost

Costs that do not vary with the level of output or production, such as rent, salaries, and insurance premiums.