Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Management Information System Expert

Answer the following problems

1. On Wednesday the 16th, 2008 huge avalanche knocked out the lines which transmitted electricity from a hydroelectric dam to Juneau, Alaska.  This eliminated Juneau’s main source of electrical power, and took over three months before power from the hydroelectric dam was restored.

• Prices for electricity in Juneau jumped from 11 cents per kilowatt hour (kwh) to 52 cents per kwh.  Electricity consumption instantly dropped from an average of 1600 kwh per month per household, to 1280 kwh.

• cross-price elasticity of demand for electricitywith respect to fuel oil is 0.32

• income elasticity of demand for electricity in Juneau is 0.23

a. Determine the price elasticity of demand for electricity in Juneau?

b. Over the 11 cents/kwh to 52 cents/kwh range of electricity prices, is demand for electricity inelastic or elastic?  Based on this information, do you believe that Alaska Electric Light and Power Co. saw the increase or a decrease in revenue?  Describe.

c. Are fuel oil and electricity substitutes or complements?  If electricity consumption finally declined by 25%, what do you expect occurred to fuel oil consumption?

d. This avalanche imposed great hardship on Juneau citizens for approximately three months, including some job losses.  What do you expect occurred to electricity demand given that income of the average Juneau resident declined by 3%?

Management Information System, Management Studies

  • Category:- Management Information System
  • Reference No.:- M91713

Have any Question? 


Related Questions in Management Information System

Assignment mobile app part 3 riskreference the microsoft

Assignment : Mobile App Part 3 (Risk) Reference the Microsoft Project file you created in Assignment : Mobile App Part 2 (Gantt and PERT Charts) for the completion of this assignment. Write a two to three (3-4) page pape ...

Jails prisons and the incarceratedbullsuggest two ways that

Jails, Prisons, and the Incarcerated • Suggest two ways that can reduce overcrowding in correctional facilities. Explain your choices in detail. • Should private companies be allowed to run correctional institutions? Exp ...

A quality management system is only as effective as

A quality management system is only as effective as management's dedication and insistence to adherence and accountability. Documentation and audit schedules aren't enough. The system will only be as effective as the peo ...

Research workusing the internet newspapers journals and

Research work Using the Internet, newspapers, journals, and magazines, identify 3 terror attacks where social media was used as an instrumental tool. Describe how the new technology was employed. Paper Submission Require ...

Assignment privacy laws and security measuresyou are an

Assignment: Privacy, Laws, and Security Measures You are an information security manager for a large retail sporting goods store. The sporting goods store is involved in the following in which they: • Maintain an interna ...

Complete the system reference guide for your employer and

Complete the System Reference Guide for your employer, and include an architecture for a new employee website. First, identify the quality attributes that lead to the architecture, and then create a high-level architectu ...

As an it security professional speculate as to what might

As an IT security professional, speculate as to what might be the biggest challenge to your management of the technology used to secure your systems. (Document must be 1page length. Plagiarize free document and submit it ...

Assignment user training and system maintenancein this

Assignment: User Training and System Maintenance In this course, you will progressively work on a system implementation process in six stages: System planning System analysis System selection System implementation User t ...

Assignmentinstructionsresponses to each question are

Assignment Instructions: Responses to each question are expected to be between 100 and 200 words. Students will not be penalized for exceeding 200 words, but they should strive to reach a minimum of 100 words when constr ...

Managing complex it organizational change and capstone

MANAGING COMPLEX IT ORGANIZATIONAL CHANGE AND CAPSTONE PAPER Assignment Overview The Impact of Various Internal and External Organizational "Environments" on IT Management The ability to understand various elements withi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro