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PART C Moving a nation's source of power from fossil fuels (such as coal) to clean energy sources (such as solar) can reduce carbon emissions.
PART C Moving a nation's source of power from fossil fuels (such as coal) to clean energy sources (such as solar) can reduce carbon emissions. Suppose the price of a unit of coal (PC) is $50 and the price a unit of solar (P5) is $30. A representative power plant can use a mixture of coal and solar inputs to produce one unit of electricity. The power plant has two types of technologies available to them to produce one unit of electricity: Coale) Solar (81 Technology A 10 units 2 units Technology B 3 units 20 units Assume that the power plant uses no other inputs in its production process. Question 8 Calculate the production costs required for the two types of technology to produce one unit of electricity. Show your workings. Which technology would the power plant choose? [2 marks] [max words: 100]
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