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______lipids undergo hydrolysis in presence of aqueous acid or base.
Opportunity Cost
The loss of potential gain from other alternatives when one alternative is chosen.
Differential Income
The difference in income between two alternatives, used in decision-making processes to determine the best option.
Alternative Use
Refers to the potential other uses or applications of an asset or resource outside its current employment.
Variable Cost
Costs that vary directly with the level of production or sales volume.
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