Examlex
Bob was completely bald on the top of his head by the time he was 35 years of age. Bob noticed he produced abundant sweat on his head when he exercised. He also noticed that his scalp was no longer oily. Which of the following changes account for the observations?
(1) He has fewer functional hair follicles now.
(2) He has fewer functional sebaceous glands now.
(3) He has fewer merocrine sweat glands now.
(4) He has fewer apocrine sweat glands now.
Last Dollar Spent
The concept referring to the allocation of the final unit of currency in an economic decision-making process.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, measuring the extent to which a company exceeds its break-even point.
Last Dollar Spent
A concept in consumer choice theory that refers to the allocation of the last unit of currency by a consumer to optimize utility.
q/L
A formula representing the productivity of labor, where 'q' is total output and 'L' is the total quantity of labor.
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