Answer:
Efficient when the marginal benefits of project = marginal costs of project.
Explanation:
Majority Decision Rule:
Majority decision rule is based on the notion of equality. An alternative is selected which has majority of votes. The simple majority decision rule may generate efficient results if the marginal benefits of a project are equal or greater than the marginal costs of the project.
Answer:
The company found the cost of the required photovoltaic cells too expensive.
Explanation:
Solar energy can be used as an alternative source of supply for fuel. Solar energy is a renewable source of energy, that is it keeps on replenishing every day. Also solar energy does not require a lot of maintenance.
The cost required is starting a solar system is very high because one needs to buy solar panel, photovoltaic cells for batteries, inverters and so on.
From the question, the company decided against solar energy for the time being. This means that probably in the future they might consider it. Therefore it is as a result of the economic situation of the company that they have not set up a solar system because the cost of the required photovoltaic cells too expensive.
Answer:
C). rearview mirror (at least of four inches by four inches).
Explanation:
<u>A 'rearview mirror' would be needed in case one is required to pull an individual on water skis after a PWC(personal watercraft) that is rated for carrying two persons only</u>. This wide-angle mirror for rearview would allow the operator to monitor the person who is being towed constantly along with riding the ski at the same time. It is considered illegal to tow a person on a vessel without having a rearview mirror and at the same time, the limited capacity must also be followed strictly. Hence, <u>option C</u> is the correct answer.
