Who Won the Nobel Prize in 1993 for His Work

question 33

Multiple Choice

Who won the Nobel Prize in 1993 for his work on site-directed mutagenesis?

• A) Kary Mullis
• B) Michael Smith
• C) Herbert Boyer
• D) James Watson

---

Definitions:

Short-Run Equilibrium

Short-run equilibrium occurs when in a market, the quantity supplied equals the quantity demanded at the current price, before any long-term adjustments are made.

MR > MC

A situation in marginal analysis where the marginal revenue (MR) exceeds the marginal cost (MC), suggesting a potential increase in profitability by expanding production.

P > ATC

A scenario in which the price of a good is greater than the average total cost of producing that good, indicating potential profitability for the firm.

Short Run

A period in economic analysis where at least one input is fixed while others can be varied.