What is the need to supply this power plant

Assignment Help Microeconomics
Reference no: EM13187583

Assume that an electric power plant could be built in the Upper Peninsula using wood as the fuel and would produce 621 megawatts of electricity. Assume that it would have an efficiency of converting wood energy into electricity of 0.29. Let's assume that wood has an energy content of 5.74 million BTU per ton. Assume that 3.1 tons of wood can be sustainably harvested from each acre of land per year. There are 640 acres per square mile, and the UP has 16,452 square miles. What percentage of the UP would be needed to supply this power plant? Express your answer in percent to one decimal place without the percent sign.

Reference no: EM13187583

Questions Cloud

What is the size of the welfare loss triangle : the equation of the supply curve is Ps=1+0.1*Qs and the equation for the demand curve is Pd=6-0.15*Qd. This results in an equilibrium price (Pe) of 3. This figure shows a regulated price (Pr) of 2, which results in the welfare loss triangle b + d,..
Which of the two strategies would you recommend : Simulate 1000 interactions of the two strategies over the six-year period. Create a histogram of the final fund values. Based on your simulation results, which of the two strategies would you recommend? Why?
Plot the value of each strategy over time : Plot the value of each strategy over time for a single interaction of the simulation. What is the total value of each strategy after six years? Do either of the strategies reach the target?
Compute number of moles of anhydrous compound recovered : calculate number of moles of anhydrous compound recovered. c- calculate number of moles of water lost from the hydrated compound.d- what is the formula of the hydrate?
What is the need to supply this power plant : Assume that an electric power plant could be built in the Upper Peninsula using wood as the fuel and would produce 621 megawatts of electricity. Assume that it would have an efficiency of converting wood energy into electricity of 0.29. Let's assu..
State mercury chlorate is allowed to react completely : If a solution containing 30.87 g of mercury(II) chlorate is allowed to react completely with a solution containing 5.102 g of sodium sulfide,
Find the speed of the plane in still air : a plane flies 435 miles with the wind and 375 against the wind in the same length of time. if the speed of the wind is 10 mph. find the speed of the plane in still air?
How does a students income elasticity affect : Despite the empirical evidence to the contrary, college decision-makers often believe that their price elasticity of demand is essentially zero. Is that right How important were price considerations in making your college decision Would a change o..
Find test the hypothesis that the proportion of consumer : At α =.05 and .10, test the hypothesis that the proportion of Consumer (CON) industry companies winter quarter profit growth is more than 2% greater than the proportion of Banking (BKG) companies winter quarter profit growth, given that p CON=.20,..

Reviews

Write a Review

Microeconomics Questions & Answers

  Show the effects of the subsidy on a graph

How much substitutability do you suppose exists between inputs in winemaking? How might this factor affect efforts to cut costs?

  Find the breakeven discount rate

Find the breakeven discount rate such that the net present value of this development opportunity is zero and will the future value of this investment be sufficient to compensate those that suffer damages in year 20?

  Reducing poverty and improving human welfare

Discuss why is increasing per capital income necessary but not sufficient for broadly dipping poverty and improving human welfare?

  Consumer surplus-producer surplus-deadweight loss

Compute the equilibrium price and quantity. Describe why the output and price levels are different for X1 and X2. Explain what occurs to consumer surplus, producer surplus, and deadweight loss.

  Which of is not a positive externality

An externality is a) a cost or benefit resulting from some activity or transaction that is imposed or bestowed on parties outside the activity or transaction b) the total cost to society of producing an additional unit of a good or service c) th..

  What are the possible reasons for the price rise

What are the possible reasons for the price rise mentioned in the news article? Use demand and supply models to illustrate what has happened in the egg market. Make sure that you clearly state any underlying assumptions in your analysis.

  Which price constitute firm 2''s optimal commitment strategy

Which price constitutes firm 2's optimal commitment strategy? Justify your answer and explain why it makes sense.

  Trade of importing country and exporting country

What would each of the following events do to the terms of trade of the importing country and the exporting country, other things being equal?

  Main outcome of economics

Is the main outcome of economics (high standard of living) the only relevant question in the realm of economic analysis? Do you agree? Is quality of life also significant?

  Depreciation schedule, optimum economic life and after-tax r

An asset is to be used in a project that will last 5 years. The MACRS property class for this asset is 3 years.      If B = l0, 000 and S=3,000 at the end of year 5, determine the depreciation schedule.

  Price leadership model versus contestable markets model

An industry with twenty companies but the CR = 80 percent is called "high concentration", for a concentration ratio of 80 to 100% is viewed as high concentration.

  What is the opportunity cost of using the unused portion

The World of Videos operates a retail store that rents movie videos. For each of the last 10 years, World of Videos has consistently earned profits exceeding $30,000 per year. The store is located on prime real estate in a college town. World of V..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd