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How are the costs of using renewable resources to the costs of using nonrenewable resources similar?
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What are the advantages of using solar hot water systems?
A solar hot water system uses solar panels to heat the water. Some advantages of using a solar hot water system is it uses renewable energy, and it lowers heating costs.
What are some advantages and disadvantages of thermal energy?
There are two main types of thermal energy - solar and geothermal. Solar energy is renewable and sustainable, and after the initial investment, is free. Geothermal energy is renewable, sustainable, and clean reducing reliance on foreign energy sources. The disadvantages are mostly financial because of the start up costs. While solar is an individual form of energy, geothermal requires large generation plants. Also solar viability is dependent on the amount of sunshine the area receives.
What does costs and benefits mean?
Costs and benefits" refers to the concept of evaluating the advantages and disadvantages or the positive and negative aspects of a decision, action, project, policy, or any other situation. It is a fundamental economic and decision-making concept used to analyze the consequences of a choice or an undertaking. Here's what these terms mean: Costs: These are the expenses, sacrifices, or negative outcomes associated with a particular decision or action. Costs can be monetary, such as the money spent to acquire a product or service, or non-monetary, such as the time, effort, or resources invested. Costs may also include any undesirable consequences or trade-offs resulting from a decision. Benefits: These are the gains, rewards, or positive outcomes that result from a particular decision or action. Benefits can be in the form of monetary profits, increased well-being, improved quality of life, enhanced efficiency, or any other favorable results. Benefits represent the advantages or benefits of a given choice. In decision-making, individuals, businesses, and policymakers often conduct a cost-benefit analysis to weigh the costs and benefits associated with a particular course of action. By comparing the potential gains to the potential sacrifices or drawbacks, they can make more informed and rational decisions. A positive net benefit (benefits outweigh costs) typically indicates a favorable choice, while a negative net benefit (costs exceed benefits) suggests a less desirable option. Cost-benefit analysis is widely used in various fields, including economics, public policy, environmental management, and project management, to assess the pros and cons of different alternatives and to determine whether a particular action is justified or efficient. It helps in evaluating trade-offs and making informed choices to optimize resources and outcomes.
Is solar power good or bad?
Solar power has many advantages, not least that it is renewable and generates very little pollution in operation. Once set up the running costs are very low. It also has some bad points: a high capital cost; coverage of land, and to some people unsightliness; and the need to wash the panels clean of dust, which can be a problem in desert areas which are otherwise good places to site them.
What are Two advantages of wind energy?
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Why do most people use nonrenewable energy instead of renewable resources?
Cost. If there was an alternative that was cost effective the free market would embrace it. Unfortunately there is no cost effective solution. Hold on to your wallets because the solution will be to raise current energy costs to "level" it with more expensive "renewable" sources.
Describe renewable and nonrenewable sources of energy for human consumption compare their effects on the environment and include overall costs and benefits?
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Should you make the development of renewable energy resources an economic priority?
Yes. renewable energy (solar, wind, hydro, tidal and wave, geothermal and biofuel) is free. After the initial setup costs and carbon footprint the only costs are maintenance. Governments have been very blinkered on this. They want to continue burning coal and oil with no consideration for the economy or the planet.
What are characteristics of renewable energy and characteristics of nonrenewable energy?
Renewable energy:comes from the sun, the wind, the waves and the heat deep down in the earthis freekeeps coming back next day even if you use as much as you can todaydoesn't cause pollutiondoesn't emit carbon dioxide, a greenhouse gasNon-renewable energy:comes from coal, oil and natural gaswon't last for evergives off carbon dioxide when burns, and other polluting chemicalscontributes to greenhouse gas in the atmosphere, increasing global warming
Why manufacturers locate near resources?
Transportation of resources means costs. So - if resources are near your manufacturing plant - your costs are lower - your incomes are higher.
How does renewable energy save money?
Energy is not renewable. The sources to make that energy may be. After the initial cost of plant and equipment some sources are practically free so the only costs are maintenance costs..
Why are some budgeted costs based on actual costs from the previous years?
Some budgeted costs are based on actual costs of the previous year, information from supervisors about where resources might be more efficiently used, and subjective judgments about how much should be allowed for resources.
Why are Fixed costs also called capacity costs?
Fixed costs are considered capacity costs because if a company expands, fixed costs will change. Additionally, if a company adds more resources, fixed costs will change.
What has the author U Aswathanarayana written?
U. Aswathanarayana has written: 'Water resources managment and the environment (HBK)' 'Mineral resources management and the environment' -- subject(s): Environmental aspects, Environmental aspects of Mineral industries, Environmental aspects of Mines and mineral resources, Management, Mineral industries, Mines and mineral resources 'Food and Water Security' 'Soil Resources and the Environment' 'Green energy' -- subject(s): Costs, Renewable energy sources 'Age determination of rocks and geochronology of India' -- subject(s): Geochronometry, Geology
What hidden costs are nor included in GNP?
Hidden costs that are sometimes included in the GNP include costs for depletion of resources, advertising, auto accidents and commuting.
What are some similarities between renewable and non-renewable energy sources?
In general, non-renewable power plants cost less money to set up initially. However, they release carbon dioxide and other polluting emissions which have to be paid for (in many countries). They also have ongoing fuel supply and transport costs every year. So after a few years fossil fuel power stations are costing more than renewable stations.Renewable energy power stations (wind farms, solar PV arrays, ConcentratedSolar Towers etc) cost more to set up, but after that they have only maintenance costs. They don't have to pay for carbon emissions. They don't have to buy coal, oil or natural gas. So demand for fossil fuels is reduced. The land and environment is not being damaged as much as before. So renewable energy is practically free compared to non-renewable energy.
Do costs exist because resources are limited and have alternative uses?
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