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An old 100-MW power plant has a heat rate of 13 000 Btu/kWh and burns a fuel that costs 2.90 $/MBtu. The owner of the plant estimates the fixed cost of keeping the plant available at $360 000 per year. What is the minimum price that would justify keeping this plant available if it has a 1% utilization rate? Compare this price with the average production cost of the plant.
This question is based on The Economist Magazine's Schools Brief: State and Market - which has its own module in Etudes
Explain the relationship between the price elasticity of demand and total revenue. What are the impacts of various forms of elasticities (elastic, inelastic, unit elastic, etc.) on business decisions and strategies to maximize profit? Explain using e..
Assess the role of the Federal Reserve in mitigating the negative impact of the 2008 financial meltdown on the economy.
q.mr. h. simpson is an individual who earns 5 per hour working at the springfield nuclear power plant. assuming he
On balance, should companies continue to allow personal technological devises on the job or should they disallow them? If they allow them, what policies should be put in place?
A cinema hall has a capacity of 150 seats. The owner can oer students a discount on the price when they show their student
Illustrate what is the likelihood all four of the selected flights arrive within 15 minutes of the scheduled time.
Many people believe that we never will create eternal life here on earth, but there are many more people who believe that taxation can be eliminated. Are you one of those people? Discuss some ideas of possibly financing the government without taxatio..
Xon, a small oil equipment company, purchased a new petroleum drilling rig for $1,800,000. Xon will depreciate it using MACRS depreciation. The drilling rig has been leased to a firm, which will pay Xon $550,000 per year for 8 years.
Consider an economy in which taxes, planned investment, government spending on goods also services also net exports are autonomous
Consider the production function f(x1, x2) = x21 x22 . Does this exhibit constant, increasing, or decreasing returns to scale? Consider the production function f(x1, x2) = 4x121 x132 . Does this exhibit constant, increasing, or decreasing returns to ..
Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 tirllion and public saving is $0.2 trillion. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment.
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