Examlex
One way in which small viruses package more information into a very small genome is to use overlapping genes so that the same base sequence is read in more than one reading frame.
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the total quantity produced.
Long Run
In economics, a period in which all inputs can be adjusted by firms, allowing for the full impact of decisions to unfold and market to reach equilibrium.
Break-Even Point
The break-even point is the level of production or sales at which total revenues equal total expenses, resulting in no net profit or loss for a business.
Short-Run Supply Curve
A graphical depiction showing the relationship between the price of a good and the quantity supplied over a short period, wherein some inputs are fixed.
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