Short-long-run average total cost of producing electricity

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Solar and wind got so cheap, so fast. Solar panels and wind turbines are more efficient than they used to be and they cost less to produce. Source: The Atlantic, December 2, 2015

Explain how the facts reported in the news clip affect the short-run and long-run average total cost of producing electricity. How do the facts affect the marginal cost of producing electricity?

Reference no: EM132209755

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