One Unique Aspect of Solar Energy as a Source of Global

question 37

Multiple Choice

One unique aspect of solar energy as a source of global power is:

• A) it is currently the only renewable energy resource.
• B) it contributes to the greenhouse effect.
• C) it is dispersed over the Earth's entire surface rather than being concentrated in highly localized areas.
• D) its reserves will last well into the next millennium.
• E) that it is not dependent on technology for collection or utilization.

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Definitions:

Profit Maximization Condition

The state or point at which a firm achieves the highest possible profit, often determined by the marginal cost equalling the marginal revenue.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.

Price Taker

An entity in a market that has no control over the prices at which it buys or sells goods, typically because it is too small to influence market prices.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various price levels.