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You Are Installing Solar Collectors on the Roof of Your

question 81

Multiple Choice

You are installing solar collectors on the roof of your home to reduce your use of propane gas, which you use to heat both your hot water tank and the living spaces in your home. In doing so, you are using a(n) ____ resource rather than a(n) ____ resource.


Definitions:

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.

Per Unit Basis

A method of expressing costs, pricing, or other financial measures on a per single unit of product or service basis.

Indirect Costs

Expenses not directly tied to a specific product or service, such as overheads, that are necessary for running a business.

Variable Costs

Costs that change in proportion to the level of production or sales activity, such as raw materials and direct labor.

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