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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A Gallup poll asked a random sample of 1000 adults nation-wide the following question:: "Are you...

Basic Math
Q

An ideal incomplete expansion cycle uses steam generated at 1 85 MPa The release condition...

Physics
Q

WORK vo linear functions y and y are graphed with dicated Give the solution set...

Algebra
Q

Schedule of cash payments for a service company Horizon Financial Inc. was organized...

Accounting
Q

Harkey Corporation's balance sheet and income statement appear below: Comparative Balance Sheet...

Accounting
Q

Can you show me step by step? 1. You are the...

Accounting
Q

28.The following information is provided about three materials utilized in the production of a product:...

Accounting
Q

The following two samples were collected as matched pairs: Calculate the test statistic to test...

Accounting
Q

Business law need reference 3 COL IX + /phout/Download/BLC203 Assessment...

Accounting
Q

An analysis of the accounts of Bonita Company reveals the following manufacturing cost data for...

Accounting
Q

Your answer is partially correct. The following transactions are for Shamrock Company. 1 On December...

Accounting
Q

(1) ABC Enterprises is planning to manufacture and sell a product which will be sold...

Finance