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

The team liked the information you provided about

The team liked the information you provided about authenticated and unauthenticated attacks, but they are still a little confused about the difference between active and passive attacks and how they relate to the authent ...

Describe three ways to improve employee motivation through

Describe three ways to improve employee motivation through job design, and share a related personal experience about at least one form of employee motivation. Your response should be at least 200 words in length. Self-le ...

Information security legalizationyou are a chief

Information Security Legalization You are a chief information security officer at a large publicly trade company, that have around 25 offices nationawide, all of these offices handles financial, medical and payment infor ...

Business intelligence ina corporatelearning outcomes at the

BUSINESS INTELLIGENCE INA Corporate Learning Outcomes: At the end of this, students should be able: Company Name: (Choose any Corporate) To identify a corporateto fulfil the following requirements to completely implement ...

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 ...

For this exercise please return to the software package

For this exercise, please return to the software package that you used in your SLP assignment for Module 1. Then please prepare a 2 page paper addressing these topics. · Have you ever called their technical support to ge ...

There are two questions needed to answered on the excel

There are Two Questions needed to answered on the excel sheet. The questions are: 1- Are there careers in which education status does not matter to employers? 2- What is the lowest education level an individual can have ...

Instructors training on how to grade is within the

Instructors, training on how to grade is within the Instructor Center. Assignment : Mobile App Part 2 (Gantt and PERT Charts) Update the Microsoft Project file you created in Assignment : Mobile App Part 1 (Work Breakdow ...

Assignmentwrite a three to four page paper in which

Assignment Write a three to four page paper in which you: 1. Explain the four major categories of computer crimes, and provide at least one example for each. 2. Explain the most common forms of digital crime. 3. Determin ...

Structured external assignmentevery organization is faced

STRUCTURED EXTERNAL ASSIGNMENT Every organization is faced with some kind of risk or threat that could cause an interruption to the organization's operations. These risks and threats can be internal or external. To prepa ...

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen