Examlex
Computer simulations are sometimes used to demonstrate the outcome of monohybrid fruit fly crosses,where a student can run generation after generation of fruit flies with 100 offspring produced each generation,half male and half female,and a 3-to-1 phenotype ratio (or 75 to 25) in the F1 generation.Compared with real genetics results,
Demand Schedule
is a table that lists the quantity of a good that consumers are willing to buy at different price levels, showing the relationship between price and quantity demanded.
Marginal Cost
The cost of producing one additional unit of a product, reflecting changes in variable cost as output is adjusted.
Average Cost
The total cost of production divided by the number of goods produced, providing a cost per unit of output.
Marginal Revenue
The incremental revenue resulted from the sale of one more product or service unit.
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