What Is a DNA Library

question 7

Multiple Choice

What is a DNA library?

• A) A collection of vectors, each containing a fragment of the original genome
• B) A complete sequence of the genetic material in an organism
• C) An electronic file that may be used for additional genetic analysis
• D) A collection of mRNA from a given cell

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Definitions:

Economies Of Scale

Economies of scale are cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with the increase in scale of operation.

Natural Monopoly

An industry that realizes such large economies of scale that single-firm production of that good or service is most efficient.

Profit-Maximizing Price

The price at which a firm can sell its product to earn the maximum possible profit on those sales.

Marginal Revenue

The additional income from selling one more unit of a good; it is the change in total revenue from an additional unit sold.