Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. the monthly demand equation for an electric utilit

The monthly demand equation for an electric utility company is estimated to be p= 50-...

50.1K

Verified Solution

Question

Basic Math

image

The monthly demand equation for an electric utility company is estimated to be p= 50- (10)x, where p is measured in dollars and x is measured in thousands of kilowatts-hour. The utility has fixed cost of 8.5 million dollars per month and variable costs of $35 per 1000kilowatts-hours of electricity generated, so the cost function is C(x) = 8.5(106) + 35x.a. The value of x and the corresponding price for 1000 kilowatts-hour that maximizes the utility's profit is GHCb. The Total cost of producing this kilowatt of electricity is GHC

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The statement -- Researchers are interested to compare height of three species of rhino Asian, African,...

Statistics
Q

Which ONE of the following best describes popular culture?(a) Highly commercialized, mass produced, standardized cultural...

Biology
Q

Listen This figure showcases haplodiploidy in honeybees In this case the female worker bee shown...

Biology
Q

Period 1 2 3 Present Value of an Annuity of 1 8 9 0 926...

Basic Math
Q

Consider this absolute value function f x 1 8 How can function fbe written as...

Basic Math
Q

O PROBAE Probabili Events and R

Statistics
Q

The graph of a function g x is shown below What is the range of...

Algebra
Q

p 11p 24 2

Algebra
Q

The Marine Division of Pacific Corporation has average invested assets of $100,000,000....

Accounting
Q

Cul de los siguientes usara ms probablemente un sistema de costos por procesos? ...

Accounting
Q

Harvard Company purchased equipment having an invoice price of $11,500. The terms of sales were...

Accounting
Q

eTextbook ment ERSION BACK Brief Exercise 6-15 (Part Level Submission) At the beginning of the...

Accounting