Power efficiency is increasingly important

Assignment Help Microeconomics
Reference no: EM13735751

As energy costs continue to rise, power efficiency is increasingly important. Acme Chemical is evaluating two different electric motors to
drive a mixing motor and needs to perform a present economy study. The motor will produce 75 hp and will be operated eight hours per day,
365 days for one year (maintenance will be performed on second shift- assume no down time during operation), after which time the motor will
have no value. Select the most economical motor. Assume Acme's electric power costs $0.16 per kWh. 1 hp = 0.746 kW. Motor A Motor B
Purchase price $3,200 $3,900
Annual maintenance cost $250 $450
Efficiency 75% 85% 

Reference no: EM13735751

Questions Cloud

Explain termination for cause or convenience clause : The majority of contractual arrangements will probably be successful, but when performance is poor, how do we hold the contractor or supplier accountable
The price of other goods is 1 euro per unit : John consumes leisure (L hours per day) and other goods (Y unites per day), with preferences decribed by U(L,Y ) = L + 2√y The price of other goods is 1 euro per unit. The wage rate is w euros per hour.
Ethical and legal issues at stake in the scenario : Read "Resolving Ethical Business Challenges", and then address the following points. Support your response with evidence from the text. What are the ethical and legal issues at stake in the scenario?
Process of setting up an it center in india : You are the vice president of human resources. Your company is in the process of setting up an IT center in India. One of your responsibilities is establishing the systems for managers and staff in India and the headquarters HR group to communicat..
Power efficiency is increasingly important : As energy costs continue to rise, power efficiency is increasingly important. Acme Chemical is evaluating two different electric motors to drive a mixing motor and needs to perform a present economy study. The motor will produce 75 hp and will be ope..
Design a logic for a program : Design a logic for a program that allows a user to enter 15 numbers, then displays each number and its difference from the numeric average of the numbers entered.
Justify the importance of knowing a company wacc and npv : In this assignment, you will write an executive summary analyzing the exchange risks, country risks, and political risks the company executive team needs to be aware of in building a manufacturing facility in Brazil.  Justify the importance of kno..
Interesting facts about personal and professional life : In your introduction, share some interesting facts about your personal and professional life. What is your academic goal, and what motivates you to attend college at this time in your life?
Evaluation of new health medical systems staffing strategy : Write a memo of no more than 700 words presenting your evaluation of the New Health Medical Systems staffing strategy. The following questions should be addressed in the memo:

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd