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Describe the process of making a DNA microarray.
Opportunity Costs
The loss of potential gain from other alternatives when one alternative is chosen.
Carrying Costs
Expenses associated with holding inventory, including storage, insurance, and obsolescence costs, among others.
Net Present Value
Net Present Value (NPV) is a financial metric used to evaluate the profitability of an investment, calculating the difference between the present value of cash inflows and outflows over a period of time.
Variable Cost
Costs that vary directly with the level of production or service volume, such as raw materials and direct labor expenses.
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