Examlex
The glycerol formed from triacylglycerol hydrolysis is converted in two steps to dihydroxyacetone phosphate.
Average Cost
The total cost of production divided by the number of goods produced, representing the cost per unit of output.
Marginal Revenue
The additional income that is gained from selling one more unit of a product or service.
Consumer Surplus
The discrepancy between the total sum consumers are prepared and capable of paying for a good or service, and the total sum they end up paying.
Profit Maximize
The method through which a company identifies the optimal pricing and production volume to maximize its profits.
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