Water Held Behind a Dam Is Best Described as a Form

question 27

Multiple Choice

Water held behind a dam is best described as a form of________ .

• A)potential energy
• B)kinetic energy
• C)entropy
• D)chemical energy

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Definitions:

Total Fixed Costs

The sum of all costs required to produce any output in the short term that does not change with the level of production, such as rent, salaries, and insurance.

Total Fixed Costs

Fixed costs are expenses that do not change with the level of output produced, such as rent or salaries, summed up as the total fixed costs.

Average Fixed Costs

The costs of production that remain constant regardless of output level, when divided by the amount of output generated.

Average Fixed Costs

The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced, which decreases as production increases.