Are predictions using the supply-and-demand model likely to be reliable in each of the following markets? Why or why not? Predictions using the supply-and-demand model for the apple market are likely A. not reliable because consumers have full information about apple prices. B. reliable because apple farmers sell diffrentiated products. c. reliable because the market for apples has many farmers and consumers. OD. not reliable because apples have no transaction costs. OE. not reliable because the cost of trading apples is low. Predictions using the supply-and-demand model for convenience stores are likely A. not reliable because it is diffcult to find convenience stores. B. not reliable because each convenience store comprises a large share of the market. c. reliable because convenience stores have only a few competitors and consumers. D. reliable because convenience stores sell identical products. E. not reliable because consumers have limited information about convenience store prices. Predictions using the supply-and-demand model for electronic games are likely

Are predictions using the supply-and-demand model likely to be reliable in each of the following markets? Why or why not? Predictions using the supply-and-demand model for the apple market are likely A. not reliable because consumers have full information about apple prices. B. reliable because apple farmers sell diffrentiated products. c. reliable because the market for apples has many farmers and consumers. OD. not reliable because apples have no transaction costs. OE. not reliable because the cost of trading apples is low. Predictions using the supply-and-demand model for convenience stores are likely A. not reliable because it is diffcult to find convenience stores. B. not reliable because each convenience store comprises a large share of the market. c. reliable because convenience stores have only a few competitors and consumers. D. reliable because convenience stores sell identical products. E. not reliable because consumers have limited information about convenience store prices. Predictions using the supply-and-demand model for electronic games are likely

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 9 Trenny has asked her assistant to prepare estimates of cost of two different sizes of power plants. The assistant reports that the cost of the 150 MW plant is $220,000,000, while the cost of the 270 MW plant is $400,000,000. If Trenny has a budget of only $300,000,000, estimate how large a power plant she could afford using linear interpolation (Enter your answer rounded to one decimal place and in MW eg. XX.X)?
I will split this question into two parts per the Q&A guidlines and leave a like for your assistance, thank you.Background:New Pumper system equipment is under consideration by a gulf coast chemical processing plant. One crucial pump moves highly corrosive liquids from specially lined tanks on intercoastal barges into storage and preliminary refining facilities dockside. Beacuse of the variable quality of the raw chemical and the igh pressures imposed on the pump chassis and impellers, a close log is maintained on the number of hours per year that the pump operates safety records and pump componenet deterioration are considered critical control points for this system. As currently planned, rebuild and M&O cost estimates are increased accordingly when cummulative operating time reaches the 6000-hour mark. Information:- First cost: $800,000- Rebuild Cost: $150,000 whenever 6000 cumulative hours are logged. Each rework will cost 20% more than the previous one. A maximum of three…