What is the number of kilowatt hours of electricity produced

Assignment Help Business Economics
Reference no: EM131388236

A state owned company is providing electricity at the price of $0.105 and faces the demand for electricity P=1.255-0.001Q. The company has a cost function C(Q)=100.625+0.105Q. Commonwealth of Pennsylvania sells the firm, and now the firm’s only goal is profit maximization. a. What is the number of kilowatt hours of electricity produced and what is the price that company will charge? b. How much more profit will this firm make as a result of privatization.

Reference no: EM131388236

Questions Cloud

What should the xyz railroad company do : ABC Company was informed of this at once and immediately telegraphed XYZ Railroad Company to withhold delivery of the television sets. What should the XYZ Railroad Company do?
Primary mechanism for loan securitization : Pass-through securities are the primary mechanism for loan securitization. Summarize the creation of a Ginnie Mae (GNMA) pass-through security and explain its securitization process. Identify how such a securitization benefits a financial institut..
What are the rights of the parties : The machines cannot readily be resold for a reasonable price because they are a special kind used only in Terry's manufacturing processes. Robert sues Terry to recover the agreed price of the machines. What are the rights of the parties?
Computation of break-even equations : The Center for Shaker Crafts (CSC) is thinking about bringing a new exhibit to the Center. It will cost the Center $30,000 to bring the exhibit to town, an additional $12,000 for lighting and security equipment, and $5,500 for an insurance policy...
What is the number of kilowatt hours of electricity produced : A state owned company is providing electricity at the price of $0.105 and faces the demand for electricity P=1.255-0.001Q. The company has a cost function C(Q)=100.625+0.105Q. Commonwealth of Pennsylvania sells the firm, and now the firm’s only goal ..
Discuss the relevant psychosocial and cultural aspects : Like many other categories of mental disorders, characteristics of psychotic disorders sometimes overlap, making it difficult to differentiate one from another. For this Discussion, you will compare two subtypes of schizophrenia, two other psychot..
Should calvin prevail in a lawsuit against boone : These defects could not be completely cured by repair. Should Calvin prevail in a lawsuit against Boone for breach of warranty to recover damages for the loss in value?
Antitrust policy is used to describe government policies : Which of the following is true of Antitrust policy? Antitrust policy is used to describe government policies and programs that are designed to:  Which of the following are the three laws that define the U.S government’s approach to antitrust? Which o..
Determine the deflection at all points along the shaft : Figure P5.26 shows a simply supported steel shaft subjected to two loads. Determine the deflection at all points along the shaft.

Reviews

Write a Review

Business Economics Questions & Answers

  If marginal utility is zero

Which of the following goods is likely to have the highest income elasticity? If demand for Rolls Royce automobiles rises in an area where incomes have increased, this tells us that a Rolls Royce is. Which English philosopher set out to develop an ar..

  Energy expenses to heat and cool the dwelling

An environmentally friendly green home (99% air tight) costs about 8% more to construct than a conventional home. Most green homes can save 15% per year on energy expenses to heat and cool the dwelling. For a $250,000 conventional home, how much woul..

  Major shifts in the scope of the federal governments power

Describe three major shifts in the scope of the federal government’s power that occurred between the Civil War and the present.

  Qreview the biographies of each of the seven members of the

q.review the biographies of each of the seven members of the board of governors. what can you say about the composition

  What is the risk-free rate if the risk premium on the stock

Rosita owns a stock with an overall expected return of 14.40 percent. The economy is expected to either boom or be normal. There is a 52 percent chance the economy will boom. If the economy booms, this stock is expected to return 15 percent. What is ..

  One reason that some whales were hunted close to extinction

One reason that some whales were hunted close to extinction is that no one can claim ownership of a whale until it is killed. If property rights to the whale population were established

  What is the value of his utility at this bundle

Identify Nick’s utility-maximizing consumption bundle on your graph, including his indifference curve that is associated with his optimal bundle. e. What is the value of his utility at this bundle?

  Game theory explained-nash equilibrium

Read "Game Theory Explained," located on the PBS website. Discuss your perspective on the use of game theory. How do "Nash Equilibrium" and the idea of one "player" impacting another "player" within an organization affect the economic decisions and g..

  Card without changing the minimum monthly payment

You have credit card debt of $25,000 that has an APR (monthly compounding) of 15%. Each month you pay the minimum monthly payment. You are required to pay only the outstanding interest. You have received an offer in the mail for an otherwise identica..

  Identify key stakeholders that new vision and mission

The company is Target Inc suggest a new vision and mission statement Identify key stakeholders that the new vision and mission will need to be communicated to. Support your choice of stakeholders. Develop a plan for communicating the new vision and m..

  The percentage change in real gdp

In 1998 real GDP was $4000 billion. Then, in 1999, nominal GDP was $5445 billion, while the general price level increased 10 percent in 1999. Given this information, the percentage change in real GDP from 1998 to 1999 is: A. 10.1% B. 12.5% C. 19.2% D..

  Assembles electric toasters using labor and robots

Consider a company that assembles electric toasters using labor and robots. Suppose that in 1950, robots were so crude that they were useless in the assembly of toasters, so that toasters has to be assembled entirely by hand. Draw an isoquant map ill..

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