- Group(s): Key terms and concepts
Free goods have a zero marginal cost of supply - they do not use use factors of production when extra units are supplied. An example might be solar energy in a country where annual hours of sunshine are high. Once a solar panel has been installed and connected to a grid, the marginal cost of renewable energy from solar power can be considered close to zero.
From the Reference Library
Designed to support Year 12 students in the first year of taking A Level Economics, our Flying Start Student Workshops focus on the core Year 1 teaching content and aim to build...
Our A Level Economics Grade Booster workshops are designed to provide essential revision support to all A Level Economics students as they complete their preparation for the three terminal papers...
Jumeirah College, Dubai
Teacher of Economics/Head of Economics 3 days left to apply
Harrodian School, London
Subject Leader or Teacher of Business Studies and Economics 3 days left to apply
Wycombe High School, High WycombeNew
Head of Business 4 days left to apply
John Lyon School, Harrow-on-the-HillNew
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