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Define factors of production

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Reference no: EM132640168

Energy is always in demand and harnessing the sun is an exciting prospect to provide power for homes and cars. Understanding the opportunity costs of converting to solar power as trillions of dollars of resources may be needed for a full-scaled development of solar-power infrastructure is important before any decisions are made.

Define Factors of Production. Identify specific Factors of Production that would be needed for Solar Power.

Define Opportunity Cost. What are the opportunity costs for producing solar-power infrastructure?

Should the US encourage investment in solar-power? Why? Why Not?

Reference no: EM132640168

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