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An animal breeder asks your advice about which of a number of traits could most effectively be selected for in his herd.Which would you most correctly suggest?
Proceeds From Sales
The total amount of money received by a company from selling goods, services, or assets.
Opportunity Costs
The cost of foregoing the next best alternative when making a decision. It represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.
Fixed Costs
Expenses that do not change with the level of goods or services produced over the short term.
Variable Costs
Costs that vary directly with the level of production or business activity, such as raw materials, packaging, and labor directly involved in a company's manufacturing process.
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