2. 6.45 Charles owns a home with solar panels on the roof. His utility company has a...
Question:
2. 6.45 Charles owns a home with solar panels on the roof. His utility company has a “buy-back” program that charges homeowners for the net energy used each quarter. He listed the quarterly charges and buy-back dollars for the 2 years he has been in the program.
(a) Use Descartes’
rule to determine the maximum number of possible i* values.
(b) Use Norstrom’s criterion to determine if there is only one positive i* value.
(c) Determine the i* value(s) for Charles.
Table Summary: Table divided into 3 columns with the headings marked as: Quarter; Charges in dollars; and Buy-back in dollars.
Quarter Charges, $ Buy-back, $
1 −200 50 2 −100 100 3 −100 250 4 −100 260 5 −100 200 6 −150 170 7 −120 150 8 −150 20
Step by Step Answer:
Basics Of Engineering Economy
ISBN: 9781259683312
3rd Edition
Authors: Leland T. Blank, Anthony Tarquin