Consider a town in which only two residents, Brian and Crystal, own wells that produce water safe for drinking. Brian and Crysta
1 answer:
Based on the quantity demanded and total revenue to Brian and Crystal, the profit-maximizing price is <u>$1.80 per gallon</u>. The total output is<u> 210 gallons </u>and Brian and Crystal's profits are<u> $189 each</u>.
<h3>What does the table on the demand schedule show?</h3>The profit-maximizing price is the price at which the highest revenue was acquired which is $1.80.
The total output at this price is 210 gallons.
The profit going to Bryan and Crystal is half each which is:
= 378 / 2
= $189
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Based on the chart, the correct options are:
- The production of coal decreased, while the production of solar increased; option D.
- Solar energy technology has improved and increased in capacity, but coal has decreased in capacity because it is a limited resource; option A
Solar energy is a type of renewable energy from the sun.
Solar energy is gradually being used to replace non-renewable energy sources such as coal.
Based on the chart:
The production of coal decreased, while the production of solar increased; option D.
Solar energy technology has improved and increased in capacity, but coal has decreased in capacity because it is a limited resource.
In conclusion, solar energy production is increasing.
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