Examlex
When comparing the DNA sequences at a particular locus from two individuals, you notice that an adenine (A) at position 513 in one species is a cytosine (C) in the other species, while all other bases in the gene sequence are the same. This is an example of what type(s) of mutation? Explain your answer.
Cost Curve
A graphical representation showing the cost of producing different levels of output.
Economies of Scale
The reduction in the cost per unit that companies experience as a result of their large scale of operations, usually seeing these expenses decrease as the scale grows.
Diseconomies of Scale
An economic concept where, beyond a certain point, an increase in the scale of production leads to a rise in average costs per unit due to inefficiencies.
Long Run
A term in economics referring to a period wherein all inputs can be adjusted, including those that are typically fixed in the short run.
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