-The Figure Above Shows the Marginal Social Cost Curve of Generating

question 66

Multiple Choice

-The figure above shows the marginal social cost curve of generating electricity and the marginal private cost curve. The marginal cost paid by the producers and everyone else in society when 100 billion kilowatt hours are produced is

• A) 10 cents per kilowatt hour.
• B) 5 cents per kilowatt hour.
• C) 15 cents per kilowatt hour.
• D) 0 cents per kilowatt hour.
• E) 20 cents per kilowatt hour.

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Definitions:

Affirmative Defense

A response to a plaintiff’s claim that does not deny the plaintiff’s facts but attacks the plaintiff’s legal right to bring an action. An example is the running of the statute of limitations.

Default Judgement

Default Judgement is a binding judgment in favor of either party based on some failure to take action by the other party, most often the failure to respond to a court summons.

Motion

A formal request made to a court for an order or ruling in favor of the applicant.

Notice of Motion

A formal document filed with a court to inform parties about a motion, outlining the nature of the motion and when it will be presented.