an is considering changing his electricity plan. With his current plan, he pays $0.95$0.95 per kilowatt (kw) of energy usage, regardless of whether the usage is during peak hours or off-peak hours. Ian's average monthly bill is about $125$125, due to the fact that he consumes an average of 131131 kw per month. At least 5050 kw are consumed during peak hours and at least 4545 kw are used during off-peak hours each month. The new energy plan offers to change Ian's rates to $1.05$1.05 per kilowatt during peak hours and $0.79$0.79 per kilowatt during off-peak hours. Ian decides to sign up. Without completely changing his energy usage habits, what is the best way for Ian to consume energy while minimizing his monthly bill on the new plan?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “an is considering changing his electricity plan. With his current plan, he pays $0.95$0.95 per kilowatt (kw) of energy usage, regardless of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is basic communication
Answers (1)
The methods used by a society product distribute and consume goods and services
Answers (1)
If the government taxes car producers, what will happen in the market for cars? a. The supply curve will shift to the leftb. The demand curve will shift to the rightc. There will be movement along the supply curve to the leftd.
Answers (1)
Many borrowers defaulted on subprime mortgages ultimately disrupting financial markets by August 2007. Which of the following is a likely result of this increase in financial frictions? A. The AD curve likely did not shift B. B.
Answers (1)
Supply Schedule for Ecobits Price per ecobit : 5, 10, 15, 20, 25, 30, 35, 40 Quantity supplied in thousands: 100,150,200,250,300,350,400,450 Question #1 If the price of Ecobits moves from 15 to 20, what happens to the quantity of Ecobits supplied?
Answers (1)
New Questions in Business
Which of the examples below illustrates the economic principle of a negative externality? a. cost or benefit of a transaction that involves the buyer or seller when both parties lose money b.
Answers (1)
Steven is considering taking a job with a company that is offering gym memberships, flexible hours, repayment of education loans, merchandise discounts, and childcare. these components of the job offer are called:
Answers (1)
Each scenario below gives some information about price elasticity of demand. for each, calculate the missing data, and determine if the price change under consideration will increase, decrease, or not change the firm/'s total revenue.
Answers (1)
Alpha Colony and Beta Colony both manufacture textiles and technology. Alpha Colony always produces higher quality textiles and technology with fewer raw materials and in less time than Beta Colony.
Answers (1)
RGB Company uses the percentage of receivables method for recording Uncollectible Accounts Expense. The accounts receivable balance is $100,000 at year-end and the total credit sales were $800,000.
Answers (1)