-The Figure Above Shows the Marginal Social Cost Curve of Generating

question 209

Multiple Choice

-The figure above shows the marginal social cost curve of generating electricity and the marginal private cost curve.The marginal cost borne by producers when 200 billion kilowatt hours are produced is

• A) 0¢ per kilowatt.
• B) 10¢ per kilowatt.
• C) 20¢ per kilowatt.
• D) 15¢ per kilowatt.
• E) 5¢ per kilowatt.

---

Definitions:

Competitive Bidding

A procurement process where suppliers submit price bids to win a contract to provide goods or services.

Outsourcing

The business practice of hiring parties outside a company to perform services or create goods traditionally performed in-house.

Supply-Chain Strategy

The planning and execution of all logistics and operations management processes to efficiently align production, distribution, and inventory.

Low-Cost

Referring to products, services, or strategies that require minimal financial outlay while aiming to maintain acceptable or competitive quality and performance.