Examlex
Genomic imprinting indicates that conditions will vary depending on whether the trait is inherited from the mother or father. For example, if the child inherits deletion of the long arm of chromosome 15 from the father, the child will have Prader-Willi syndrome; if inherited from the mother, the child will have Angelman syndrome.
ATC Curve
A graphical representation of the average total cost of producing various quantities of output, showing how unit costs change with changes in output level.
AVC Curve
A graph that represents the average variable cost of producing each quantity of output, showing how these costs vary with changes in output levels.
Short-Run Situation
A period in which at least one of a firm's inputs is fixed, limiting its capacity to adjust output levels quickly.
Marginal Revenue
The increase in revenue a business gets from the sale of an extra unit of a product or service.
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