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According to the evidence, the common ancestor of humans and chimpanzees lived about 6 million years ago.Based on a molecular clock, if a rapidly evolving gene shows 10 percent divergence between humans and chimpanzees and 0.6 percent divergence between humans and Neanderthals, then humans and Neanderthals diverged from each other _______ years ago.
Fixed Cost
Costs that do not vary with the level of output or activity.
Output
The aggregate production of either goods or services by an organization, commercial sector, or the economy as a whole.
Diminishing Returns Effect
A principle in economics where increasing one factor of production, while keeping others constant, will at some point yield lower per-unit returns.
Variable Cost
Expenses that vary directly with the level of production output, such as raw materials, labor, and energy costs.
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