9. A state-owned power company monopolize electricity supply. Its daily variable cost of increasing electricity generation is $8 per unit. It has a constant return on output size over time and its daily marginal cost of electricity generation is $7 per unit. If the daily peak demand Q1 and off-peak demand Q2 in the market are: Q1 = 100 - 2P^(1/2), Q2 = 50 – 5P^(1/3) - where P is the unit price. The peak time is 6 hours, and the off-peak time is 18 hours. What is the optimal generation capacity of the power company during peak time (Q1)? a) 64.00 O b) 72.00 O c) 80.00 O d) 88.00 个 Th

9. A state-owned power company monopolize electricity supply. Its daily variable cost of increasing electricity generation is $8 per unit. It has a constant return on output size over time and its daily marginal cost of electricity generation is $7 per unit. If the daily peak demand Q1 and off-peak demand Q2 in the market are: Q1 = 100 - 2P^(1/2), Q2 = 50 – 5P^(1/3) - where P is the unit price. The peak time is 6 hours, and the off-peak time is 18 hours. What is the optimal generation capacity of the power company during peak time (Q1)? a) 64.00 O b) 72.00 O c) 80.00 O d) 88.00 个 Th

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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