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 swat ethical issues1chapter 2 kleinigs models of

Assignment: S.W.A.T.: Ethical Issues 1) Chapter 2: Kleinig's Models of Policing. Please define each model and indicate the which model best suits the listed movie characters. a) Crime fighter b) Emergency operator c) Soc ...

Building shared services at rr communications case study 2

Building Shared Services at RR Communications Case Study #2 (DUE WEEK 5 - Sunday, November 27th) Attached Files: Appendix B_ Shared Services Case.docx (36.959 KB) RR Communications - Case Study #2.pdf (379.28 KB) This ca ...

Assignmentscenario in week 3 you selected a product or

Assignment Scenario: In Week 3, you selected a product or service that you believe your organization should invest capital resources to develop the product or service for sale. To speed up the new product investment, you ...

Assignment outline a new it security policy you have been

Assignment : Outline a New IT Security Policy You have been hired by the Board of Directors of RollinOn, Inc as the new IT Security Manager. RollinOn is a designer of premade and custom designed skates and skateboards. R ...

Discussion 1facebook email electronic commerce and

Discussion 1 Facebook, email, electronic commerce, and collaborative sites for both work and leisure are a normal part of our everyday computing activities. Personal information entered on these websites become partially ...

Industry profile supply chain risk in the cybersecurity

Industry Profile: Supply Chain Risk in the Cybersecurity Industry For this paper, you will research and report upon the problem of Supply Chain Risk as it pertains to the cybersecurity industry. You will also investigate ...

Research paperyou are a business continuity manager look

Research Paper You are a business continuity manager ... Look ahead at potential changes in the coming 12 months and what these might mean for existing business continuity plans. Will the strategies in place in 2016 rema ...

Do a technology overview of current deviceipaq pda and

Do a technology overview of current device(IPAQ PDA) and software used for War walking and Detecting infected MAC address on a wireless Network. Provide cost analysis and recommendation plan. Business Justification: curr ...

Discussionpart a- apa format- 500 words- 3 referencesat

Discussion Part A- APA Format- 500 Words- 3 References At first, stakeholder identification seems pretty straightforward - name the people who will affect the project or be affected. In fact, all too frequently some very ...

Dealing with the great digital divide the great digital

DEALING WITH THE GREAT DIGITAL DIVIDE The "great digital divide" is a term coined to address the concerns of many people that the world is becoming one marked by "have's" and "have not's" with respect to technology-that ...

  • 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