The ‘merit order’ in electricity production is determined by:The unit production costs, from high to low.The fixed production costs, from low to high.The unit production cost, from low to high.The level of pollution in production, from solar to natural gas.

Market clearing electricity prices are determined by the production cost of the last units demanded, essentially because:Electricity is a homogenous good, from the point of view of consumers.Producers produce electricity only from the last source in the merit order.The marginal cost of production of electricity are constantThat is how the European Commission designed the electricity markets.

An electricity generating company should adopt. (विद्युत उत्पादित करने वाली कम्पनी को निम्न में से कौन-सी लागत विधि अपनानी चाहिए?)a.Unit Costing (इकाई लागत विधि)b.Process Costing (प्रक्रिया लागत विधि)c.Operating Costing (परिचालन लागत विधि)d.Contract Costing (ठेका लागत विधि)

Producing output at the lowest possible total cost per unit of production is:Multiple choice question.cost efficiency.marginal efficiency.productive efficiency.allocative efficiency.

A coal-fired power station produces electricity worth $40 per unit to consumers. However, for each unit produced air pollution is produced, costing $20, which is not reflected in the price of electricity paid by consumers. Suppose a Pigovian tax has been implemented to correct the market distortion. In the Social CBA the production of additional electricity should be priced at:

The higher energy prices in 2022 created so-called ‘Ricardian rents’ for the owners of:Production factors with lower marginal cost of production.Consumer intermediaries for energy contracts, such as Overstappen.nl.Production factors that are more pollutive.Production factors that are later in the merit order.