Use the Following Information to Answer the Questions Below

question 28

Multiple Choice

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?

• A) 1
• B) 2
• C) 3
• D) 4
• E) 5

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Definitions:

Pure Competition

A market structure characterized by a large number of small firms producing identical products with no barriers to entry or exit.

Economic Profits

The difference between the total revenue from sales and the total costs of production, including both explicit and implicit costs, representing excess earnings above the normal profit level.

Demand Curve

An illustrated curve that demonstrates how demand for a product decreases as its price increases, commonly presented with a downward trajectory.

Average Total Cost

The cost per unit of output, calculated by dividing the total cost (both fixed and variable) by the total quantity produced.