3-4. Natasha has been told that if she reduces the thermostat setting on the heating system at her home by 1 degree, she will be able to reduce her present annual energy consumption of 5,000 kWh by 20%. In doing so, she will be able to save as much as $250 per year. (3.3) a. What is the implicit cost of 1 kWh of energy consumption? b. If Natasha reduces the thermostat setting by another degree, she can reduce her annual energy consumption by another 10%, Based on your answer in Part (a), how much more money would she be able to save?

Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
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3-4. Natasha has been told that if she reduces
the thermostat setting on the heating system at her
home by 1 degree, she will be able to reduce her present
annual energy consumption of 5,000 kWh by 20%. In
doing so, she will be able to save as much as $250 per
year. (3.3)
a. What is the implicit cost of 1 kWh of energy
consumption?
b. If Natasha reduces the thermostat setting by another
degree, she can reduce her annual energy consumption
by another 10%, Based on your answer in Part (a),
how much more money would she be able to save?
Transcribed Image Text:3-4. Natasha has been told that if she reduces the thermostat setting on the heating system at her home by 1 degree, she will be able to reduce her present annual energy consumption of 5,000 kWh by 20%. In doing so, she will be able to save as much as $250 per year. (3.3) a. What is the implicit cost of 1 kWh of energy consumption? b. If Natasha reduces the thermostat setting by another degree, she can reduce her annual energy consumption by another 10%, Based on your answer in Part (a), how much more money would she be able to save?
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