9. A state-owned power company monopolize electricity supply. Its daily variable cost of increasing electricity generation is $8 per unit. It has a constant return on output size over time and its daily marginal cost of electricity generation is $7 per unit. If the daily peak demand Q1 and off-peak demand Q2 in the market are: Q1 = 100 - 2P^(1/2), Q2 = 50 – 5P^(1/3) - where P is the unit price. The peak time is 6 hours, and the off-peak time is 18 hours. What is the optimal generation capacity of the power company during peak time (Q1)? a) 64.00 O b) 72.00 O c) 80.00 O d) 88.00 个 Th

9. A state-owned power company monopolize electricity supply. Its daily variable cost of increasing electricity generation is $8 per unit. It has a constant return on output size over time and its daily marginal cost of electricity generation is $7 per unit. If the daily peak demand Q1 and off-peak demand Q2 in the market are: Q1 = 100 - 2P^(1/2), Q2 = 50 – 5P^(1/3) - where P is the unit price. The peak time is 6 hours, and the off-peak time is 18 hours. What is the optimal generation capacity of the power company during peak time (Q1)? a) 64.00 O b) 72.00 O c) 80.00 O d) 88.00 个 Th

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.10P: Wonopoly and natural resource prices Suppose that a firm is the sole owner of a stock of a natural...

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