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Use the following information to answer the questions below.
Labrador retrievers are black, brown, or yellow. In a cross of a black female with a brown male, results can be either all black puppies, 1/2 black to 1/2 brown puppies, or 3/4 black to 1/4 yellow puppies.
-How many genes must be responsible for these coat colors in Labrador retrievers?
Fixed Capital
Long-term assets used in production, such as buildings, machinery, and equipment, which are not easily converted into cash.
Marginal Cost
The additional expenditure resulting from the production of an extra unit of a product or service.
Average Total Cost
The total costs of production (both fixed and variable costs) divided by the quantity of output produced, indicating the cost per unit of output.
Marginal Cost
The rise in overall expenses resulting from the manufacture of an extra unit of a good or service.
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