ECON 132 Midterm: Midterm 2 Solution Guide

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Published on 26 Mar 2019
School
Department
Course
Version 1
A.
1. V
2. France
3. Three Gorges Dam
4. Intermediate
5. TVA
6. Natural Gas
7. Had not
8. Had
9. Three Mile Island
10. Peaker plants
11. 1930’s/Great Depression
12. Local Distribution/ Transmission Grids
13. 2GW/2000MW
14. Blackout
15. Sell to/provide
16. Southeastern
17. Franchise/territory
18. Spinning reserves
19. high
B. DBABB BDCDC
C. FTFFF TTTFT
D. 1a. q1=130.08; q2=142.28
1b. p=910.56
1c. price increases
1d. p increases, q decreases
2a. q=1,900,000
2b. FC<=361,000
3. 33.75%
4.462.5
5. Location A: 800$
Location B: 600$ thus choose A
6a. q=38.89 million
6b. larger
7. 75%
8. q=960
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