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According to the accompanying figure, if a species were found only in Laurasia 135 million years ago, on which modern continents would its descendants most likely be found today?
Contribution Margin
The amount remaining from sales revenue after variable expenses have been deducted, contributing to covering fixed expenses and profit.
Variable Expenses
Expenditures that change in direct relation to production levels or sales quantities.
Mixed Cost
A cost composed of a mixture of fixed and variable components. Costs are fixed for a set level of production or consumption, becoming variable with further production or consumption.
Fixed Expenses
Regular expenses that do not vary in total over a wide range of activity levels.
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