Recall the Application About the Reduction in Costs of Generating

question 120

Multiple Choice

Recall the Application about the reduction in costs of generating solar power to answer the following
question(s) .
-Recall the Application. Suppose that the fuel used is the only input used in the generation of solar energy is sunlight and has a zero cost. The average total cost of producing electricity is:

• A)zero.
• B)equal to the marginal cost.
• C)equal to the average fixed cost.
• D)immeasurably high.

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Definitions:

Political-Legal Environment

The aspect of the external environment of an organization that deals with the legal and political conditions influencing its operations.

Politicization

The process by which an issue, policy, or action becomes influenced by political considerations or becomes a matter of political debate.

Legal Accountability

The obligation to ensure actions or decisions are in compliance with the law and to face legal consequences if they are not.

Systematic Preparedness

An organized and methodical approach to being ready and well-prepared for potential future events or challenges.