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You are trying to determine which of two terms is related to identical twins.You see "monozygotic" and "dizygotic." You remember that a zygote is formed from one egg and one sperm and that "mono" means one and "di" means two.Identical twins would have to result from the same egg and the same sperm, thus one zygote.Using old information to derive the meaning of "monozygotic" and "dizygotic" illustrates the use of
Variable Input
An input whose quantity can be changed in the short term by a firm to adjust the level of output.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a factor of production, like labor or capital.
Marginal Cost
The cost implicated in the production of one more unit of a good or service.
Perfectly Competitive
A market structure characterized by many small firms, a homogeneous product, no barriers to entry or exit, and where no single firm can influence the market price.
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