Explain Why Fossil Fuels and Hydrocarbons Produced by Natural Processes,are

question 18

Essay

Explain why fossil fuels and hydrocarbons produced by natural processes,are considered a nonrenewable energy resource.

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Definitions:

Production Possibilities

A curve or frontier that shows the maximum combinations of goods or services that can be produced with a given set of resources and technology.

Marginal Product

The additional output that is produced by using one more unit of a factor of production, while holding other factors constant.

Customers Served

The number of individual clients or consumer accounts that a business has provided with goods or services.

Capital Costs

Expenses incurred in acquiring or upgrading physical assets such as buildings and machinery.