table 1 shows the demand schedule for electricity from a coal burning utility table 2 shows teh utiliyy cost of producing electr
1 answer:
The quantity of electricity generated is <u>300</u> kilowatts a day and the price of electricity is<u> 12 </u>cents a kilowatt.
The pollution tax is <u>6 </u>cents a kilowatt.
The tax revenue is $<u> 18</u> a day.
Coal-fired power plants generate electricity by burning coal in a boiler to produce steam. The generated steam flows into the turbine under enormous pressure, driving the generator to generate electricity. The steam is then cooled, condensed and returned to the water, then returned to the boiler, and the process restarted from the beginning.
In the United States, coal is mainly used as a fuel for power generation. Coal-fired power plants burn solid coal, solid coal, and lignite. The heat from burning coal is used to turn water into high-pressure steam, which turns a turbine to generate electricity.
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The new ordinance will make a difference when the new wages will be binding.
<h3>How to depict the information?</h3>It should be noted that the supply curve shows the relationship between the price and the quantity supplied.
Based on the information given, when the equilibrium wage is above the minimum wage, the ordinance won't make a difference.
On the other hand, when the equilibrium wage is below the minimum wage, it'll make a difference for the worker.
Therefore, joining the lowest of the two points will give the equilibrium.
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