Ask Question, Ask an Expert


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

Read the following article us investigating potential

Read the following article: U.S. investigating potential covert Russian plan to disrupt November elections ( ...

Technical project sample website projectthis assignment

Technical Project: Sample Website Project This assignment consists of three (3) sections: a narrative, a storyboard, and a business Website. You must submit all three (3) sections for the completion of this assignment. S ...

For efs encryption you mention that data using efs

For EFS Encryption: You mention that "data using EFS technology will be lost during the system re-installation." Would you please elaborate on that such as how can data be lost since EFS is just a technology which provid ...

Assignment 1 event logsthis discussion will help students

Assignment 1: Event Logs This discussion will help students understand the pros and cons of event logs. Tasks: Event logs provide investigators with some of the most valuable information they will recover during an inves ...

Introduction to information systems assignment

Introduction to Information Systems Assignment Questions- Question 1 - Assignment scenario - Study the scenario and complete the following tasks: A newly established bank, Potch Bank, has experienced a reduction in sales ...

Using the internet research how many suppliers are

Using the internet, research how many suppliers are typically used for manufacturing large commercial aircraft. List 10 such suppliers and what they do. How would an integrated ERP system, such as the one at Lockheed Mar ...

Part 1bullassignment mobile app part 1 work breakdown

Part 1 : • Assignment: Mobile App Part 1 (Work Breakdown Structure) This assignment contains two (2) deliverables: a summary document to be delivered in a word processor document format and a Work Breakdown Structure (WB ...

Assignment mobile devices and self-service

Assignment: Mobile Devices and Self-Service e-Commerce Imagine that you have been hired by the startup e-Commerce company Sports R US to provide a convenient self-service solution for customers accessing sports products. ...

Copy and paste these questions into a word document so you

Copy and paste these questions into a Word document so you can insert your responses directly under each question. You should work on this assignment as you go through the assigned readings and chapters in your textbook. ...

Tp and udpbulldescribe tcp and udp and how they differ

TCP and UDP • Describe TCP and UDP, and how they differ. Why do both protocols exist? Address Types • In your own words, briefly describe each of the address types mentioned in LabSim (Global-Unicast Addresses, Unique-Lo ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate