India has the highest human population with a population of 1,251,695,584 as of 2015.
Answer:
decreasing its variable costs by at least 15%
Explanation:
<u>Big Bus Lines case study:-</u>
The firm has reduced the price of the ticket by 15%. There are a number of ways through which the firm, Big Bus lines can still profitable. The correct option is:-
<u>decreasing its variable costs by at least 15%</u>
<u>Variable costs:-</u>
They the costs which change as quantity of services or goods which are produced by the business changes. Variable costs are sum of the marginal costs over all the business' units produced.
<u>Thus, reducing the costs by same percentage can help the firm to remain profitable.</u>
Answer:
Businesses that produce revenue from outside the city will contribute to the growth of businesses that simply produce revenue from within the city
Explanation:
Given that the Multiplier effect in the urban population indicates that a city's livelihood and population growth is affected through the addition of manufacturing workers (basic workers) and dependents as a supplement of a new manufacturing and nonbasic business and
Hence, it can be concluded that the principle of the multiplier effect is that "Businesses that produce revenue from outside the city will contribute to the growth of businesses that simply produce revenue from within the city."
