<prompt> Minimum alveolar concentration MAC is a measure ofPotency of anaesthetic agentSpeed of induction and recoveryLipid solubility of agentToxicity of agent  <response>: Minimum alveolar concentration MAC - Measure of potencyBlood: Gas paition coefficient -Blood solubility of anaesthetic agent and determines the speed of induction recoveryOil: Gas paition coefficient - Lipid solubility of anaesthetic agent and is related to potency of anaesthetic agent.Refer: Morgan and Mikhails Clinical Anaesthesiology, 5th edition, pg no. 160, 268, 510 