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Identify the problem/problems associated with photovoltaic cells.
I. The semiconductor in photovoltaic cells is doped with small amounts of other elements.
II. Photovoltaic cells are expensive to construct.
III. Photovoltaic cells must absorb large amounts of energy for useful applications.
VCR
A video cassette recorder, a device once commonly used to play and record television programs and movies on magnetic tape.
Perfect Substitutes
Goods or services that can be used in exactly the same way, thus one can completely replace another in consumption.
Marginal Rate of Substitution
The speed at which a consumer is prepared to exchange one product for another while keeping their overall satisfaction constant.
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The process or behavior of consumers attempting to get the greatest amount of satisfaction from their consumption choices, subject to their income and the prices of goods and services.
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