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A 500 kW plant costs $ 1000 per kW installed. Fixed charges are estimated at 14% and operating cost is 13 cents per kWh. The plant averages 200 kW for 5000 hours of the year, 450 kW for 1200 hrs and 80 kW for the remaining period. The average cost of production of electricity per kWh will be?
Determine the possible circumstances under which the company should discontinue operations - Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions.
Monopolies and cartels are usually associated with economic inefficiencies and dead weight losses.
The profitability of the leading cola syrup manufacturers, PepsiCo and Coca Cola, and of the bottlers in the cola business is different. PepsiCo and Coca Cola enjoy 81 operating profit as a percentage of sales; bottlers experience only 15 operatin..
You are on the board of directors of a nonprofit art museum supported bydonations from wealthy members of the community
Summarize the history of land use planning in the United State as presented by Tyler and Ward and discussed in class. How has land use planning evolved? What was its initial purpose/function in the early 20th century and how did this change over t..
a monopoly faces demand given by q 200 - p. the marginal cost mc 10 is constant. the marginal revenue mr 200 - 2q.a.
Assume the elasticity of demand for gasoline is -0.3 and start with the current price of gasoline of about $3.00 per gallon. How much would we need to increase the price in order to cut gasoline use in half?
You're an entrepreneur and you've opened a restaurant in a nice area of town. Describe at least two long run decisions which you require to make about the business.
Calculate the cross-price elasticity for the following goods. Determine if they are substitutes or complements?
a major new client has requested that your company present an investment seminar to illustrate the stock valuation
why are banks able to maintain reserves that are only a fraction of the demand and savings deposits of their customers?
Just because something is useful doesn't mean it brings someone utility and vice versa. With this being the case, provide two examples of a good or service that are useful and will bring a certain individual utility because of their usefulness. Also,..
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