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Q. A coal-fired power plant can produce electricity at a variable cost of 4 cents per kilowatt hour when running at its full capacity of 30 megawatts for every hour also 24 cents per kilowatt hour when running at 10 megawatts every hour. A gas-fired power plant can produce electricity at a variable cost of 12 cents per kilowatt-hour at any capacity from 1 megawatt per hour to its full capacity of 5 megawatts per hour. The cost of constructing a coal-fired plant is $50 million, but it costs only $10 million to build a gas-fired plant.
Consider a city that has a peak afternoon demand of 80 megawatts of electricity. If it wants all plants to operate at full capacity, what combination of coal-fired plants and gas-fired plants would minimize construction costs?
What must she/he expect to happen to short term interest rates over the coming year.
Suppose we are with a real estate agency that has the following houses listed in a specific geographic area. $150,000; $146,000; $152,000; $155,000; $143,000; $157,000; $180,000; $148,000; $154,000; $146,000; $155,000
What is the MRS Is this consumer at an optimum. If not at an optimum should the consumer buy more of the X good or more of the Y good.
Explicates how every of these public polices involves demand for cigarettes by teenagers.
Elucidate the multiplier concept as it applies in this case. What are the qualifications and limitations of the multiplier model.
The following equations describe a small open economy. Calculate the equilibrium level of output (Y*).
What is the inflation year over this year? What nominal or money interest rate would the investor receive?
Explain how did the early classical economists view the relation between productions also consumption.
Explain how the reduction in supply from the reduced fishing waters will either increase or decrease consumer surplus and producer surplus.
A central bank that adopts a fixed exchange rate system may sacrifice its monetary autonomy in setting its domestic monetary policy.
a country that does not currently tax cigarettes is considering the introduction of a 0.40 per pack tax. the economic
Explain how much does the customer pay. Explain how much does the government receive as tax revenue.
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