Which of the Following Is NOT True About Electricity

question 5

Multiple Choice

Which of the following is NOT true about electricity?

• A) Supply and demand for electricity are matched within 140 control areas in the US, then excess power sold to other control areas
• B) The ability to sell excess power is constrained by transmission capacity
• C) Electricity is a commodity that can be easily stored
• D) Air conditioning is a big use of electricity

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Definitions:

Farmer Produces

"Farmer produces" implies the agricultural output generated by farmers, including crops, livestock, and other products, through their farming activities.

Average Variable Cost

Variable cost divided by the level of output.

AVC

Stands for Average Variable Cost, referring to the cost variable inputs per unit of output in the short run.

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