Final answer:
The elevated hematocrit level in a postterm infant is most likely the result of hypoxia in utero, which can lead to polycythemia.
Step-by-step explanation:
The elevated hematocrit level in a postterm infant is most likely the result of hypoxia in utero. During fetal development, the fetus relies on fetal hemoglobin, which can bind with oxygen at lower pressures. However, after birth, the lungs start functioning, and the transition from fetal hemoglobin to normal hemoglobin occurs. If there was oxygen deprivation in utero, it can lead to polycythemia, causing an elevated hematocrit level.