Examlex
Gel electrophoresis is a technique used to separate a mixture of DNA fragments. During this process, large DNA fragments move longer distances than small DNA fragments when an electric current is applied.
Average Total Cost
The average cost per unit of output, calculated by dividing the total production cost by the quantity of goods produced.
Fixed Cost
Expenses that do not change with the level of production or sales over a certain period, such as rent or salaries.
Output
The amount of goods or services produced by a person, machine, or industry.
Marginal Product
Marginal product refers to the additional output generated by employing one more unit of a specific factor of production, holding all other factors constant.
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