Examlex
The ____ is when genes establish boundaries for environmental influences rather than specifically denoting a particular characteristic.
Fixed Cost
Costs that remain constant regardless of the amount of goods produced or sold, including rent, wages, and insurance premiums.
Sunk Cost
Costs that have already been incurred and cannot be recovered or refunded, and should not influence future business decisions.
Average Fixed Cost
The cost incurred for fixed inputs (rent, salaries) divided by the quantity of output produced, which decreases as production increases.
Variable Cost
Costs that vary directly with the level of production or output, such as materials and labor, in contrast to fixed costs.
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