Asked by Chaya Kohsuwan on Jul 17, 2024
Verified
Power plants with the lowest operating costs tend to:
A) have the lowest fixed costs in terms of construction.
B) have the highest fixed costs in terms of construction.
C) operate on the smallest scale of energy production.
D) generate the cleanest energy.
Operating Costs
Expenses associated with the day-to-day functioning of a business, such as rent, utilities, and payroll.
Fixed Costs
Expenses that do not change in the short term, regardless of the level of goods or services produced by a business.
- Recognize the significance of technology in improving resource utilization practices.
Verified Answer
MG
Moses GlitchJul 22, 2024
Final Answer :
B
Explanation :
Power plants with the highest fixed costs in terms of construction, such as nuclear or renewable energy plants, often have lower operating costs once they are up and running. This is because the ongoing costs of fuel and operation are relatively low compared to plants with lower construction costs but higher fuel costs, such as coal or natural gas plants.
Learning Objectives
- Recognize the significance of technology in improving resource utilization practices.