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Costs and economies of scale

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Question 7

Using the data in Table 1, explain how there are economies of scale in the global production of deep-sea green hydrogen electrolysis modules.

Table 1: Global production of deep-sea green hydrogen electrolysis modules

YearGlobal Output (GW)Average Cost per kW (£)
20218450
2026 (estimate)32280
2031 (estimate)75165
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Costs and economies of scale Questions

  1. A Level
  2. /Economics
  3. /Costs and economies of scale