pls solve this question within 20-30 minutes I'll give you multiple upvotes. Please obtain the same answers as the ones provided in red. (c)Considering a pool market with a forecast demand of 600MWH.(i)Assume company B decides to put 3 bids in the pool, eachsupplies 200 MWh. Find the marginal price of each bid and thusbuild the supply curve of company B up to 600 MWh.Assume company C also decides to put 3 bids, each supplies200 MWh. Find the marginal price of each bid.Arrange all the bids from companies B and C in merit order andcalculate the revenues of both companies.(ii)(iii)Rp= £ 1382%3DRc=$ 2764

Answered: (c) Considering a pool market with a…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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pls solve this question within 20-30 minutes I'll give you multiple upvotes. Please obtain the same answers as the ones provided in red.

(c)
Considering a pool market with a forecast demand of 600MWH.
(i)
Assume company B decides to put 3 bids in the pool, each
supplies 200 MWh. Find the marginal price of each bid and thus
build the supply curve of company B up to 600 MWh.
Assume company C also decides to put 3 bids, each supplies
200 MWh. Find the marginal price of each bid.
Arrange all the bids from companies B and C in merit order and
calculate the revenues of both companies.
(ii)
(iii)
Rp= £ 1382
%3D
Rc=
$ 2764

Expert Solution

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There are many changes you can make to your home to increase its value. You may consider new landscaping or even sprucing up the inside of your home with some high-end upgrades. And then there’s the much-coveted swimming pool. This can be a great investment if it’s the right size and if you live in the right place, not to mention if you’re willing to put in the time and effort to keep it in good shape.

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