If a Resource Has Perfectly Elastic Supply Curve Then Its

question 52

Multiple Choice

If a resource has perfectly elastic supply curve then its income is termed as:

• A)economic rent.
• B)rental rate of capital.
• C)rental income.
• D)annuity.
• E)transfer earnings.

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Definitions:

Power Factor Correction

Adding capacitance or inductance to a circuit to cause the current and voltage to become more in phase with each other.

Synchronous Condenser

A term used to describe a synchronous motor that is used to provide power factor correction.

Synchronous Speed

The speed at which the magnetic field in an AC machine rotates, typically in motors or generators, determined by the machine's electrical frequency and the number of magnetic poles.

Rotor Speed

The rotational speed of the rotor in a motor or generator, typically measured in revolutions per minute (RPM).