Natasha has beed told that if she reduces the thermostat setting on the heating system at her
Fantastic news! We've Found the answer you've been seeking!
Question:
Natasha has beed told that if she reduces the thermostat setting on the heating system at her home by 1 degree , she will be able to reduce her present annual energy consumption of 5,000 kWh of energy by 20%. In doing so , she will be able to save as much as $250 per year.
a) What is the implicit cost of 1 kWh of energy consumption?
b) If Natasha reduces the thermostat setting by anther degree , she can reduce her annual energy consumption by another 10%. Based on your answer in part (a) , How much more money would she be able to save ?
Related Book For
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor
Posted Date: