Examlex
A newly identified mutation in mice,called "darkened dorsal," causes a dark stripe along the mouse's back.This mutation is located at a specific location on chromosome 2.A different sequence at this same chromosomal position results in a fur color pattern called "nonagouti." Based on this information,darkened dorsal and nonagouti are different
External Costs
Costs incurred as a result of an economic activity that are not borne by the entities undertaking the activity but rather by other parties or society at large.
Marginal Cost
The rise in expense associated with the production of an extra unit of a product or service.
Benefits To Consumers
Refers to the advantages or improvements in well-being and satisfaction that consumers experience from purchasing and using goods and services.
Externalities
Monetary consequences that reach beyond the primary parties, impacting others positively or negatively.
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