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It would cost the town of Irondale $50 million to build a gas powered generator that would produce a maximum of 5 megawatts of electricity at 15 cents per hour. Another alternative would be for Irondale to build a $100 million coal=fired generator that could produce a maximum of 15 megawatts per hour. Irondale should:
a. Build a coal-fired generator because it's hourly operating costs are much lower.
b. Build the gas-powered generator since it is less expensive.
c. Build the coal-fired generator because, while it would cost twice as much to build, it would produce three times more electricity.
d. Obtain more information before deciding what to do..........I feel this is correct.
q1. what are the impacts of demand? what happens to the demand curve when each of these determinants changes?
Future Economic Impact: At present there are a few notable industry leaders that have strong opinions on AI, its future, and its impact on humanity. Explain these opinions and critically critique them.
A consumer must divide $600 between the consumption of product X and product Y. The relevant market prices are Px = $10 and Py = $40. a. Write the equation for the consumer's budget line. b. Illustrate the consumer's opportunity set in a carefully la..
altering of the interest rate to change aggregate demand. Fact that equal increases in government spending and taxation will be contractionary.
Bill Katz prefers more of good 1 to less and he prefers less of good 2 to more. Bill has convex preferences. Draw his indifference curve with good 1 on the horizontal axis and good 2 on the vertical axis. Is the curve positively or negative slopped? ..
Write a two-page essay in which you address the issues outlined above. Format your essay in a Word document using Times New Roman 12-point, one-inch margins and double spacing.
Suppose that a conservative political alliance succeeds in 2020 to change the current floating exchange rate regime in the U.S. into a fixed exchange rate regime. Assume that the fixed exchange rate is announced to be equal to the current market equi..
Laura has an undergraduate degree in economics and has been working as a utility rate analyst at the local electricity utility. If she continues on her present career path, the present value of her lifetime earnings is $250,000. Calculate the discoun..
Three different plans were presented to the GAO by a tech facility manager for operating an identity-theft scanning facility. Plan A involves renewable 1 year contracts with payments of $1million at the beginning of each year. Which plan is the best ..
Who developed the Powell Doctrine and why? List some of the guidelines provided in the doctrine. Do military leaders support it, and why or why not?
A firm has the production function y = x1 + min{x1, x2}.
Assume the required reserves ratio is .15,
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