The Process Used to Generate Thousands of Drugs Daily with the Aid

question 5

Multiple Choice

The process used to generate thousands of drugs daily with the aid of computer programs is referred to as

• A)High-throughput screening
• B)Bioinformatics
• C)Combinatorial chemistry
• D)Genome sequencing
• E)Mechanism-based screening

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Definitions:

Economic Profit

The difference between total revenue and both explicit and implicit costs; the profit that exceeds the opportunity cost of resources.

Perfectly Competitive Markets

Markets in which no individual buyer or seller has any significant impact on prices and products are perfect substitutes.

Minimum ATC

The lowest point on the Average Total Cost curve, indicating the most efficient scale of production for a firm in the long run.

Economic Profit

Profits earned by a firm or an individual after subtracting both the explicit costs and opportunity costs of resources employed.