Week 4 - Lecture 2 - Nuclear Economics and Geopolitics

Question 1

Variable costs

Answer 1

Change based on the amount of output produced

E.g. uranium

Question 2

Fixed costs

Answer 2

Remain the same regardless of production output

E.g. interest payments

Question 3

Load Duration Curve

Answer 3

Used to illustrate the relationship between generating capacity requirements and capacity utilisation

Question 4

Residual load duration curve

Answer 4

Demand that’s left to be supplied when other energy sources already supply a part of the necessary energy