Engineering Economy (17th Edition)
17th Edition
ISBN: 9780134870069
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher: PEARSON
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Chapter 1, Problem 20P
To determine
Some alternative ways for stopping the unchecked flow of oil into GL Country.
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Your borrower is being relocated and needs to close on the purchase of their new home in thirty days. Their spouse will not be moving for
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An electric utility company is considering a re-engineering of a major hydroelectric facility. The project would yield
greater capacity and lower cost per kilowatt-hour of power. As a result of the project, the price of power would be
reduced. This is expected to increase the quantity of power demanded. The following data are available
Effect of Reduced Price of Power
0.08
10,000,000
0.07
14,000,000
Current price ($/kWh)
Current consumption (kWh/year)
New price ($/kWh)
Expected consumption (kWh/year)
What is the annual benefit to consumers of power from this project?
The annual benefit is $
The village has a hiking lodge whose visitors use the lake for
recreation. The village also has a fish cannery that dumps
industrial waste into the lake. This pollutes the lake and
makes it a less desirable vacation destination. That is, the
fish cannery's waste decreases the hiking lodge's economic
profit.
Suppose that the fish cannery could use a different production method that involves recycling water. This would reduce the pollution in the lake to
levels safe for recreation, and the hiking lodge would no longer be affected. If the fish cannery uses the recycling method, then the fish cannery's
economic profit is $2,200 per week, and the hiking lodge's economic profit is $3,200 per week. If the fish cannery does not use the recycling method,
then the fish cannery's economic profit is $3,000 per week, and the hiking lodge's economic profit is $2,000 per week. These figures are summarized
in the following table.
Complete the following table by computing the total profit (the fish…
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