Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN: 9781305506381
Author: James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher: Cengage Learning
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Chapter 17, Problem 3.4CE
To determine
The reason behind pursuing a tidal power alternative for just 15,000 households and the step function of variable cost for incremental power with the help of given figure.
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Students have asked these similar questions
The Virginia PUC is considering a subsidy program to encourage consumers to install improved
insulation in walls and ceilings of homes as a way of reducing the need for building a new
CCGT plant. The insulation program would cost $1,500,000 and would save 10MWH of power.
What is the negawatt cost in MWh of this power savings?
Enter your answer here
The following figure shows the incremental cost of two units and the marginal cost (old)
of the system, when all constraints are met. If both units were dispatched at their
minimum values, what would be the marginal cost of the new system (new)?
Select one:
a
The incremental cost of unit 1
Ob. Approximately 46.3 $/MWh
S/MWh
49
48
C1=45+0.02Pg1
47
46
45
44
C2=43+0.006Pg2
I
C.
The incremental cost of unit 2
0
100
200
300
400
500-
600
MW
=
2. The cost of operating a jet-powered commercial (passenger-
carrying) airplane varies as the three-halves (3/2) power of its
velocity; specifically, Co kny3/2, where n is the trip length in
miles, k is a constant of proportionality, and vis velocity in miles
per hour. It is known that at 400 miles per hour, the average cost of
operation is $300 per mile. The company that owns the aircraft
wants to minimize the cost of operation, but that cost must be
balanced against the cost of the passengers' time (CC), which has
been set at $300,000 per hour. At what velocity should the trip be
planned to minimize the total cost, which is the sum of the cost of
operating the airplane and the cost of passengers' time?
Chapter 17 Solutions
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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