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.
Answer: B
Economics
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Which of the following taxes is most clearly based on the benefits-received principle of taxation?
a. corporate income tax b. gasoline tax c. personal income tax d. payroll tax e. value added tax
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A perfectly competitive firm's long-run supply curve is that part of its MC curve that lies above the point where MC = AVC
Indicate whether the statement is true or false
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