While Researching the Feasibility of Converting Her Company's Products to Solar

question 32

Multiple Choice

While researching the feasibility of converting her company's products to solar energy,Hermina reads several reports on innovations to lithium batteries and photovoltaic cells.Some of the reports suggest any energy using device should begin to incorporate solar into its design,while others argue that the batteries still do not hold enough charge and remain cost prohibitive for products like those of her company.To demonstrate her own original thinking,Hermina should

• A) cite all her research sources.
• B) chose one source and follow its recommendations exclusively.
• C) adopt a methodical approach to decision making.
• D) generate her own conclusions and recommendations.
• E) avoid making predictions and cause-effect statements.

---

Definitions:

Equilibrium

A state where supply equals demand, and the market is at rest.

Producer Surplus

The difference between the amount that producers receive from the sale of a good or service and the minimum amount they would accept.

Equilibrium Price

The equilibrium price is the market price at which the quantity of goods supplied is equal to the quantity of goods demanded, leading to market balance.

Equilibrium Quantity

The amount of goods or services supplied that is equal to the amount demanded at the market equilibrium price.