In Some Tidal Areas, Such as the Bay of Fundy

question 3

Essay

In some tidal areas, such as the Bay of Fundy, some smaller basins could be used for tidal generation using barrage systems, while more open areas could be used for in-stream tidal turbines. Discuss how the variations in power output from these two approaches during the tidal cycle would (or would not) complement each other.

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Definitions:

Net Operating Income

The total profit of a company after operating expenses are subtracted from operating revenues but before incomes and taxes are accounted for.

Total Common Corporate Costs

The aggregate of all expenses shared across departments within a corporation, not directly attributed to specific departments or products.

Contribution Margin

The difference between a company's total sales revenue and its variable costs.

Fixed Costs

Expenses that remain constant for a certain level of production or period, inclusive of rent, salaries, and insurance.