Examlex
The diagram shown here is part of an RNA transcript containing four open reading frames (M, H, K, and L) and three introns (1, 2, 3) . The sites labeled d1-d3 are nucleotides immediately before each intron on the 5' side and those labeled a1-a3 are nucleotides immediately after each intron on the 3' side. Splicing out an intron involves a spliceosome facilitating the cleavage of the DNA at the d and a sites at either end of the intron. How many processed transcripts are possible in which two d sites and two a sites are cleaved?
Long-Run Marginal Cost Curve
An economic graph showing the change in total cost that comes from producing one additional item when input prices are variable and all inputs are considered.
Price of Labor
The price of labor refers to the wage rate paid to workers for their labor services in the market.
Production Function
A mathematical model demonstrating the relationship between inputs (factors of production) and outputs (goods or services), showing how different quantities of inputs affect the level of output.
Factor Prices
The prices of inputs used in the production process, such as labor wages, land rents, and capital interest rates.
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