Examlex
DNA is the main hereditary material of all life. However, DNA lacks one important characteristic for the first forms of life. Why have researchers rejected the idea that DNA was found in the first life-form?
Outputs
The goods or services produced by a business or an economy.
Long-run Average Cost
The per unit cost of production when all inputs, including those typically fixed, can be adjusted.
Short-run Marginal Cost
The cost incurred by producing one additional unit of a product or service in the short term, where some factors of production are fixed.
Envelope
In economics, often describes a theoretical outer limit or boundary, such as the envelope curve which envelopes all the possible positions of equilibrium.
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