Examlex
A dihybrid cross of fruit flies is used to examine inheritance patterns for eye color (black or white)and head shape (round or elongated).This cross produces 10,000 offspring,and the ratio is 1 (black eyes,round head): 1 (black eyes,elongated head): 1 (white eyes,round head): 1 (white eyes,elongated head).Is this what you would expect from a dihybrid cross? Explain your answer.
Marginal Revenue
The supplementary income resulting from the sale of one more good or service unit.
Price-Searcher Firm
A company that operates in a market with differentiated products and has some control over the price of its product because it faces a downward-sloping demand curve.
Profit Maximization
is the process or strategy by which a firm adjusts its production and sale levels to achieve the highest possible profit.
Price Takers
Firms or individuals who accept the market price as given and have no influence to change it.
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