Roughly speaking, peak-load pricing makes users at peak times pay for capacity while users at off-peak times pay only for operating cost
Indicate whether the statement is true or false
T This statement is roughly true. But as Section 11.1 shows, it does not hold in all cases. Sometimes peak and off-peak prices must be set so users share capacity cost and capacity is fully used at all times.
Economics
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A decrease in aggregate demand results in a(n) ________ in the ________
A) expansion; long run B) recession; short run C) expansion; short run D) recession; long run
Economics
The marginal propensity to consume is
a. the change in consumption associated with a change in income. b. equal to the marginal propensity to save minus 1. c. equal to 1 minus the marginal tax rate. d. the change in consumption associated with a change in wealth.
Economics