Examlex
Groups of three consecutive bases along the DNA of a gene have the code for one
Long Run
A period in economics sufficient for all markets to reach equilibrium, where all inputs and outputs can be varied by firms, not constrained by existing physical capital.
ATC
Average Total Cost; the total cost per unit of output incurred when producing goods or services.
AVC
Average Variable Cost, the cost that varies with the level of output, divided by the quantity of output produced.
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