Aerobic respiration involves the complete oxidation of glucose in the presence of oxygen. It includes:
\begin{enumerate}
\item Glycolysis: Produces 2 ATP.
\item Krebs cycle: Produces 2 ATP.
\item Electron transport chain: Produces 32 ATP.
\end{enumerate}
Total ATP yield:
\[
2 + 2 + 32 = 36 \, \text{ATP}.
\]
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Final Answer:
\[
\boxed{36 \, \text{ATP}}
\]