Recall the Application About the Reduction in Costs of Generating

question 127

Multiple Choice

Recall the Application about the reduction in costs of generating solar power to answer the following
question(s) .
-Recall the Application. If the fuel used in the generation of solar energy is sunlight, then the marginal cost of producing one more watt of electricity is:

• A)zero.
• B)greater than $1.00.
• C)higher than the average fixed cost.
• D)immeasurably high.

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Definitions:

Employed

The state of having paid work or being engaged in an activity or enterprise as a means of earning an income.

Labor-Force Participation Rate

The proportion of the adult population that is either employed or actively looking for employment.

Marginally Attached Workers

Individuals not currently in the labor force who have looked for work within the last year but not in the last four weeks, often due to temporary barriers.

Labor-Force Participation Rate

The Labor-Force Participation Rate is the percentage of the working-age population that is part of the labor force, either employed or actively looking for work.