Asked by
Chananchida [Jung] Wipanya
on Nov 26, 2024Verified
To achieve economic efficiency in energy use, an economy
A) often uses a variety of energy sources.
B) must use the single energy source in which it can achieve economies of scale.
C) should use all energy sources in equal proportion.
D) should use only domestically produced energy.
Economic Efficiency
A condition where every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.
Energy Sources
The origins from which energy is produced, including renewable sources like solar and wind, and non-renewable sources like coal and oil.
Economies Of Scale
A situation in which the cost per unit of output decreases as the scale of production increases, due to factors such as operational efficiencies and synergies.
- Identify the conditions under which different power generation options become more cost-effective.
Verified Answer
BW
Learning Objectives
- Identify the conditions under which different power generation options become more cost-effective.