An artisanal manufacturing plant has 30 horsepower of connected loadand consumes 2,800 kilowatt-hours monthly. The shop buys electricity atmonthly rates in brackets as shown in the table below.. A. Compute forthe monthly electricity bill. Determine the average cost and marginal cost.$0.086/kilowatt-hourFrist 50 kilowatt-hour perhorsepower of connectedloadNext 50 kilowatt-hour per $0.066/kilowatt-hourhorsepower of connectedloadNext 150 kilowatt-hour per $0.040/kilowatt-hourhorsepower of connectedloadAbove 250 kilowatt-hour$0.037/kilowatt-hourper horsepower ofconnected load B. If the owner of the plant wants to increase production per day, this willconsume an extra 1,200 kilowatt-hours per month, what do you call thislowest possible "cost" of this additional energy? What is its value inkilowatt-hour?

Given, A consumer consumes 2,800 kW hours monthlyManufacturing load of the plant is 30…

An artisanal manufacturing plant has 30 horsepower of connected load and consumes 2,800 kilowatt-hours monthly. The shop buys electricity at monthly rates in brackets as shown in the table below.. A. Compute for the monthly electricity bill. Determine the average cost and marginal cost.

An artisanal manufacturing plant has 30 horsepower of connected load and consumes 2,800 kilowatt-hours monthly. The shop buys electricity at monthly rates in brackets as shown in the table below.. A. Compute for the monthly electricity bill. Determine the average cost and marginal cost.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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Question

An artisanal manufacturing plant has 30 horsepower of connected load
and consumes 2,800 kilowatt-hours monthly. The shop buys electricity at
monthly rates in brackets as shown in the table below.. A. Compute for
the monthly electricity bill. Determine the average cost and marginal cost.
$0.086/kilowatt-hour
Frist 50 kilowatt-hour per
horsepower of connected
load
Next 50 kilowatt-hour per $0.066/kilowatt-hour
horsepower of connected
load
Next 150 kilowatt-hour per $0.040/kilowatt-hour
horsepower of connected
load
Above 250 kilowatt-hour
$0.037/kilowatt-hour
per horsepower of
connected load

B. If the owner of the plant wants to increase production per day, this will
consume an extra 1,200 kilowatt-hours per month, what do you call this
lowest possible "cost" of this additional energy? What is its value in
kilowatt-hour?

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