Electric Utility Companies Are Able to Offer Electricity at Lower

question 100

Multiple Choice

Electric utility companies are able to offer electricity at lower prices during periods of low demand because of the continuous feedback these utilities receive about energy usage through

• A)smart meters.
• B)ecological footprint calculators.
• C)power strips.
• D)carbon debt meters.

---

Definitions:

Marginal Revenue Product

The supplementary revenue created by the addition of one unit of a production input.

Product Price

The amount of money charged for a product or service, determined by cost, demand, and supply factors.

Labor

The exertion of both mental and physical capabilities towards the creation of products and services.

Marginal Revenue Product

Extra profits generated by incorporating another unit of a production element.