The prices at which alternative energy sources become economically viable can be thought of as the ______.Multiple choice question.supply curve for oilaverage cost of productionsupply curve for energymarginal cost of production
Question
The prices at which alternative energy sources become economically viable can be thought of as the ______.Multiple choice question.supply curve for oilaverage cost of productionsupply curve for energymarginal cost of production
Solution
The correct answer is "supply curve for energy". This is because the supply curve for a product or service is the price at which it becomes economically viable to produce. In this case, when the prices of alternative energy sources reach a certain level, they become economically viable, hence, this level can be thought of as their supply curve.
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