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Additional Cost
The increase in total cost that arises from an increase in the level of output by one unit; also known as marginal cost.
Relative Price Of Oil
The price of oil compared to other goods and services, indicating how much of other goods/services one can trade for a unit of oil.
Run Out Of Oil
A scenario where the global supply of petroleum, a non-renewable resource, is significantly depleted or exhausted.
Alternative Energy Sources
Energy sources that are renewable and have a lower environmental impact compared to fossil fuels, such as solar, wind, and hydroelectric power.
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