Examlex
Our sense of smell is due to activation of combinations of approximately 10 different groups of olfactory receptors with each group capable of sensing one primary type of odorant.
Marginal Revenue
The additional income generated from the sale of one more unit of a good or service.
Average Variable Cost
The total variable cost divided by the total output, representing the variable cost per unit of output.
Average Total Cost
The total cost per unit produced, determined by dividing the sum of fixed and variable costs by the quantity of output.
Shut Down
The process of ceasing operations or activities, often temporarily, in a business or other organization.
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