The State of Maryland is considering a requirement that for every ton of CO2 produced by out- of-state electricity producers, a permit costing $40 must be purchased. It takes approximately 0.5 tons of coal to make 1 MWh of electricity, and every 1 ton of coal produces 2.86 tons of CO2. Write out the linear variable cost function for a coal-fired power plant in Ohio selling electricity to Maryland utilities which includes the permit cost assuming that the current cost of coal is $150 a ton and that this coal fired plant has an annual fixed cost of $1,000,000. (You may use the variable q to denote quantity of electricity in MWh in the cost function.)

The State of Maryland is considering a requirement that for every ton of CO2 produced by out- of-state electricity producers, a permit costing $40 must be purchased. It takes approximately 0.5 tons of coal to make 1 MWh of electricity, and every 1 ton of coal produces 2.86 tons of CO2. Write out the linear variable cost function for a coal-fired power plant in Ohio selling electricity to Maryland utilities which includes the permit cost assuming that the current cost of coal is $150 a ton and that this coal fired plant has an annual fixed cost of $1,000,000. (You may use the variable q to denote quantity of electricity in MWh in the cost function.)

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter12: Algebra Of Matrices

Section12.CR: Review Problem Set

Problem 37CR

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