A university spent $1.4 million to install solar panels atop a parking garage. These panels will have a capacity of 600 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 20%, that electricity can be purchased at $0.20 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first. Approximately how many hours per year will the solar panels need to operate to enable this project to break even? 3,593.73 2,395.82 1,437.49 O 2,156.24 If the solar panels can operate only for 2,156 hours a year at maximum, the project Continue to assume that the solar panels can operate only for 2,156 hours a year at maximum. break even.
Q: Assume a cost improvement project has only a firs cost of $100,000 and a monthly net savings, M…
A: The internal rate of return (IRR) is a financial metric used to evaluate the potential profitability…
Q: Barnacle Industries was awarded a patent over 15 years ago for a unique industrial strength cleaner…
A: Limit Pricing strategy is one kind of price which is used to sell the product by a provider at a low…
Q: Suppose that demand schedule for discs is represented in the table below. PRICE ($) 8 10 QUANTITY…
A: Elasticities have an effect on monetary and fiscal frameworks, enabling decision-makers to alter…
Q: Which of the following is NOT true about the Gini coefficient? Countries with higher Gini…
A: A popular statistic to evaluate a specific feature of a nation's economic distribution is the Gini…
Q: Suppose at the current price, the demand for copper is estimated at -3.14. What happens to sales…
A: This can be defined as a concept that shows the interference of the government in the market, In…
Q: Which of the following exemplifies a microeconomic question? What is the current national rate of…
A: Microeconomics is a branch of economics that focuses on the study of individual economic agents and…
Q: 7. An externality occurs when the benefits or costs of an economic activity are external and not…
A: The externality is defined as the cost or benefit that is unrelated to the third party involved. It…
Q: In the market for off-campus apartments in San Diego, the market supply curve is QS = 300 + 1/8p The…
A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…
Q: Your student group is setting up an internship fair. You invite companies looking for interns and…
A: The distribution of this subsidy could significantly sway the dynamics of the internship market,…
Q: Suppose a firm has one sewing machine and can vary only the amount of labor input. a. In this case,…
A: The marginal product:The marginal product (MP) is defined as the increase in the firm's total output…
Q: 3. Relationship between tax revenues, deadweight loss, and demandelasticity The government is…
A: Dead weight loss: It is defined as the loss of total welfare (or the total surplus = consumer…
Q: Use the following estimates of the price elasticity of demand (Ed), income elasticity (Ei and cross…
A: Price elasticity of demand:It refers to the responsiveness or the effect of prices on the demand for…
Q: Assume that you are given a cash flow diagram as in below to calculate the equivalent present value…
A: Present worth at year 0 will be calculated as sum of present value of cash flows in the future at a…
Q: What term is used to describe goods that can replace each other to some extent, so that a rise in…
A: Substitute goods: 2 goods X and Y are substitutes if price of good X and demand for good Y are…
Q: 36,000 32,000 28,000 24,000 20,000 16,000 2010-Jan. RER 2019-Dec.
A: The real exchange rate (RER) is a measure that compares the relative price levels of two different…
Q: Home's demand curve for wheat is Its supply curve is D=100-20P. S=20+20P. What would the price of…
A: The demand curve depicts the connection between a good or service's price and the quantity consumers…
Q: What is the equilibrium prices?
A: Equilibrium in the economy is considered as the state of rest for the economy. It is the point from…
Q: Suppose that firms face the following production function: Q=InL +Ink. What is the degree of…
A: Production function:-Differentiation of Q with respect to L and K, we will have:-Marginal product of…
Q: Read the following passage to answer the question: Various countries, including South Africa, China…
A: Economic growth refers to the expansion in the production of goods and services in an economy over a…
Q: Which one (1) of the following is NOT the subject of a Statutory Condition in a Property policy? 4…
A: NOTE - Since you have posted multiple questions, we will provide the solution only to the first…
Q: F The equilibrium level of real GDP is Real GDP Consumption (C) $6,200 (Y) $8,000 9,000 10,000…
A: Aggregate expenditure is the sum of consumption, investment, government expenditure and net exports…
Q: Consider the country of Trelawney. In this country the demand for money increases but the central…
A: Central bank refers to the insitution of an economy that uses its monetary policy in order to…
Q: Using a regular labor supply curve instead of a compensated supply curve to calculate the excess…
A: Compensated Supply Curve:A compensated supply curve considers how individuals adjust their supply of…
Q: QUESTION 15 Which of the following statements is true? O Increasing the RHS of a less than or equal…
A: Increasing the RHS of a less than or equal to constraint will eventually make the shadow price equal…
Q: Average Output Variable Cost SEFER 10 12 14 16 20 Multiple Choice O $4 $5.00 4.00 O$9 $5 4.75 5.75…
A: Perfect competition is a market form with a high number of buyers and a high number of sellers.…
Q: Draw a perfectly elastic supply curve at a price of $25. a. What can you say about quantity supplied…
A: Perfectly elastic supply curve is the horizontal curve parallel to x-axis. This shows that any…
Q: 30) In Figure 2.1, Box 1 would be labeled Box 1 Box 3 Figure 2.1 A) D for demand. B) S for supply.…
A: In the question, a graph has been given for market equilibrium where the labelling is missing.
Q: Instructions: Enter your responses as a percentage rounded to one decimal place. a. Calculate the…
A: The Gross Domestic Product (GDP) is a crucial economic indicator that measures the total monetary…
Q: An example of a classic tragedy of the commons problem is a. Hurricane Katrina. b. the Enron…
A: Tragedy of commons is defined as the social problem in which the individual acts affect others…
Q: Operating costs are an important criteria when selecting what machinery would be the best choice for…
A: An investment's equivalent uniform annual worth is the equivalent annuity that corresponds to all of…
Q: An IAC (industrially advanced country) had a per capita income of $44,000, while a DVC (developing…
A: Per capita income is the total income divided by country's population.It is an important economic…
Q: 3. Consider the following utility function: U = 5 x1 + 2 x2 Also consider the following bundles:…
A: Total utility:Total utility is the sum total of the utility or satisfaction that is derived from the…
Q: An increase in increase in leads to a higher steady-state level of output, and an leads to a lower…
A: Steady-state refers to a long-run equilibrium condition where key economic variables, such as output…
Q: 14. Application: Demand elasticity and agriculture The following graph illustrates the market for…
A: The price elasticity of demand signifies the percentage change in demand for a given change in the…
Q: Assume the following: (1) the interest rate on six-month treasury bills is 8 percent per annum in…
A: The theory of interest rate parity holds that differences in exchange rates between two countries…
Q: Refer to Figure 4-1. If the market price is $3.00, what is the consumer surplus on the second ice…
A: The Consumer surplus is the gap between maximum price a consumer is willing to pay and actual price…
Q: Whereas the Federal Reserve used to set a single target for the FFR, it now sets a range that is 25…
A: The FFR is the overnight lending rate that depository institutions charge other depository…
Q: concept Question 1.4 Suppose a student is trying to decide whether or not to take another economics…
A: Economics is the branch of social science which is concerned with how individuals and organisations…
Q: You want to buy a $30,000 car. You can make a 10% down payment, and will finance the balance with a…
A: Loan amount refers to an original principal on a new loan taken or given . It can also be the…
Q: What is the deadweight loss (DWL) from the monopoly below? P 16 15 14 13 12 11 4321 0 0 0 0 0 50 30…
A: Dead weight loss is defined as the loss of total welfare (or the total surplus = consumer surplus +…
Q: The invention of money helped society get around the problem of ___________________________. A)…
A: It can be defined as a concept that shows how much currency of one nation is valuable in terms of…
Q: Problem 2 The following table shows the behavior of buyers and sellers in a Pizzeria. price per…
A: The behavior of the buyers and sellers of the Pizzeria is given below. Price Quantity…
Q: Suppose that a firm is currently operating producing 100 units at a total cost of $2,000. If they…
A: Economies of scale is when the increase in output decreases the long run average cost.Diseconomies…
Q: In Brisbane there is a small population of musicians who play the harp. The quantity demanded for a…
A: A market demand schedule is a table showing the quantity of a commodity that consumers are willing…
Q: QUESTION 10 10. Match the following terms to their definitions or description. - ✓ open market…
A: Open market operation refers to buying and selling of government bonds securities to influence short…
Q: In the short-run if there is a surplus in the market for a product, the rationing function of price…
A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…
Q: At a price of $1.20, a local coffee shop is willing to supply 100 cinnamon rolls per day. At a price…
A: Point elasticity of demand measures the elasticity at a point on the demand curve. Mainly it's the…
Q: A cloth manufacturing firm is deciding whether or not to invest in new machinery. The machinery…
A: The present value of a cash flow refers to the current value of expected inflows and outflows of…
Q: (Figure: Equilibrium in the Market for Mechanical Pencils) Consider the figure Equilibrium in the…
A: Equilibrium is the point where demand and supply are equal. That set the price and quantity level on…
Q: [MUST SHOW WORK] Sellers expect the price of houses will be lower in 2024 due to high interest…
A: Market equilibrium: At market equilibrium, demand equals supply. Or at the market the equilibrium…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- A university spent $1.6 million to install solar panels atop a parking garage. These panels will have a capacity of 700 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 20%, that electricity can be purchased at $0.30 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first. Approximately how many hours per year will the solar panels need to operate to enable this project to break even? 1,564.62 2,503.39 625.85 If the solar panels can operate only for 1,408 hours a year at maximum, the projectwould break even. Continue to assume that the solar panels can operate only for 1,408 hours a year at maximum. In order for the project to be worthwhile (i.e., at least break even), the university would need a grant of at leastA university spent $1.5 million to install solar panels atop a parking garage. These panels will have a capacity of 700 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 10%, that electricity can be purchased at $0.10 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first. Approximately how many hours per year will the solar panels need to operate to enable this project to break even? 1,006.80 2,516.99 3,020.39 3,272.09 If the solar panels can operate only for 2,265 hours a year at maximum, the project (would/would not) break even. Continue to assume that the solar panels can operate only for 2,265 hours a year at maximum. In order for the project to be worthwhile (i.e., at least break even), the university would need a grant of at least…A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 200 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 10%, that electricity can be purchased at $0.30 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first. Approximately how many hours per year will the solar panels need to operate to enable this project to break even? O 4,228.58 O 1,409.53 O 3,523.82 O 5,285.73 If the solar panels can operate only for 3,171 hours a year at maximum, the project would not break even. Continue to assume that the solar panels can operate only for 3,171 hours a year at maximum. In order for the project to be worthwhile (i.e., at least break even), the university would need a grant of at least
- A university spent $2 million to install solar panels atop a parking garage. These panels will have a capacity of 700 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 30%, that electricity can be purchased at $0.10 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first. Approximately how many hours per year will the solar panels need to operate to enable this project to break even? 6,893.28 8,616.60 3,446.64 12,924.90 If the solar panels can operate only for 7,755 hours a year at maximum, the project break even. Continue to assume that the solar panels can operate only for 7,755 hours a year at maximum. In order for the project to be worthwhile (i.e., at least break even), the university would need a grant of at least Note:- Do not provide handwritten solution. Maintain accuracy and…A university spent $1.4 million to install solar panels atop a parking garage. These panels will have a capacity of 900 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 20%, that electricity can be purchased at $0.20 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first. Approximately how many hours per year will the solar panels need to operate to enable this project to break even? O 1,597.23 O 2,395.85 O 1,437.51 O 1,118.06 If the solar panels can operate only for 1,438 hours a year at maximum, the project break even. Continue to assume that the solar panels can operate only for 1,438 hours a year at maximum. In order for the project to be worthwhile (l.e., at least break even), the university would need a grant of at leastA university spent $1.5 million to install solar panels atop a parking garage. These panels will have a capacity of 200 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 10%, that electricity can be purchased at $0.30 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first. Approximately how many hours per year will the solar panels need to operate to enable this project to break even? 1,468.26 2,936.51 3,230.16 4,111.11 If the solar panels can operate only for 2,643 hours a year at maximum, the project Continue to assume that the solar panels can operate only for 2,643 hours a year at maximum. break even. In order for the project to be worthwhile (1.e., at least break even), the university would need a grant of at least,
- A university spent $1.3 million to install solar panels atop a parking garage. These panels will have a capacity of 900 kilowatts (kW) and have a expectancy of 20 years. Suppose that the discount rate is 10%, that electricity can be purchased at $0.30 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first. Approximately how many hours per year will the solar panels need to operate to enable this project to break even? 565.55 622.11 226.22 848.33 If the solar panels can operate only for 509 hours a year at maximum, the project Continue to assume that the solar panels can operate only for 509 hours a year at maximum. break even. In order for the project to be worthwhile (i.e., at least break even), the university would need a grant of at leastA university spent $1.4 million to install solar panels atop a parking garage. These panels will have a capacity of 200 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 20%, that electricity can be purchased at $0.30 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first. Approximately how many hours per year will the solar panels need to operate to enable this project to break even? 4,791.73 O 6,708.42 3,354.21 5,750.08 If the solar panels can operate only for 4,313 hours a year at maximum,, the project would not Continue to assume that the solar panels can operate only for 4,313 hours à year at maximum. break even In order for the project to be worthwhile (i.e., at least break even), the university would need a grant of at least $223,793.26 $139,870.79 $83,922.47The accompanying table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed in the table are available for purchase. CPU Total Marginal Total Marginal GHz Benefit Benefit Cost Costs 2.0 $1,000 $900 2.5 $1,400 $ 100 3.0 $300 $1,200 3.5 $1,900 $ 1,500 4.0 $2,000 $ 400 The marginal cost of upgrading from a 2.5GHz to 3.0GHz computer is O $400. O $300. $200. O $100.
- The following accompanying table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase. CPU Total Marginal Total Marginal GHz Benefit Benefit Cost Costs 2.0 $1,000 $900 2.5 $1,400 $100 $1,200 $1,500 3.0 $300 3.5 $1,900 4.0 $2,000 $400 The total benefit of a 3.0GHZ computer is:A community has a nighttime energy demand of 50 megawatts but a peak daytime demand of 75 megawatts. It has the chance to build a 90-megawatt coal-fired plant that could easily supply all of its energy needs even at peak daytime demand. Should it necessarily proceed? Could there be lower-cost options? ExplainThe following accompanying table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase. CPU Total Marginal Total |Marginal GHz Benefit Benefit Cost Costs 2.0 $1,000 $900 2.5 $1,400 $100 3.0 $300 $1,200 3.5 $1,900 $1,500 4.0 $2,000 $400 Application of the Cost-Benefit Principle would lead one to purchase a computer.