Cost functions for the electric power sector, Microeconomics

Cost Functions for the Electric Power Sector

Scale Economies in the Electric Power Industry

2353_cost function in electric power industry.png
Average Cost of Production in Electric Power Industry

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* Findings

- Decline in cost

  • Not because of economies of scale
  • Was caused by:

- Lower input cost  

- Improvements in technology 

Posted Date: 10/12/2012 4:17:13 AM | Location : United States







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