When a Local Utility Company in California Told People Whether

question 246

True/False

When a local utility company in California told people whether they were using more or less energy compared with the average in their neighborhood, the consumer's use did not typically change.

---

Definitions:

Effect On Income

The impact of specific actions, events, or decisions on a company's net income or profitability.

Book Value

Book value is the net value of a company's assets as reported on the balance sheet, calculated by subtracting liabilities from the total assets.

Salvage Value

The estimated residual value of an asset at the end of its useful life, used in calculating depreciation.

Market Value

Market value is the price at which an asset would trade in a competitive auction setting, reflecting what a buyer is willing to pay.