​When Examining the Fossil Record, Organisms Most Closely Related to Living

question 52

Multiple Choice

​When examining the fossil record, organisms most closely related to living species will be found ____.

• A)​in the topmost layers
• B)​in the lowest layers
• C)​on the Earth's exposed surface
• D)​as trace fossils only
• E)​on shorelines

---

Definitions:

Profit-Maximizing Price

The price at which a business can sell its product or service to achieve the highest possible profit.

Marginal Cost

The cost added by producing one additional unit of a product or service.

Kink

A sudden change in the rate or direction of a curve or line, often used in economics to describe a sharp change in a demand or supply curve.

Kinked Demand Curve

A demand curve that has a distinct bend or kink, typically used in oligopoly models, suggesting that a firm will face different elasticities for price increases versus price decreases.