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In a classroom taste test for PTC the genotype frequency was determined to be P = 0.35 and Q = 0.65.After applying the Hardy-Weinberg equation, the percentage of genotypes was found to be as follows:
Optimal Quantity
The amount of a good or service that yields the maximum benefit or utility to the consumer or producer.
Marginal Cost
The cost of producing one additional unit of a good or service, important in making decisions about production levels and pricing.
Public Good
Goods or services that are non-excludable and non-rivalrous, meaning they can be used by many without diminishing availability to others.
Private Good
A product or service that is consumed by an individual without its benefits being available to others who have not paid for it, characterized by excludability and rivalry.
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