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A new power system has a peak load of 1000 MW (lasting 1200 hours/year) and an off-peak load of 400 MW (lasting 7560 hours/year). There
A new power system has a peak load of 1000 MW (lasting 1200 hours/year) and an off-peak load of 400 MW (lasting 7560 hours/year). There are no existing power plants. A single power utility will be building the new plants required for this system. Assume that it will build enough plants to meet demand plus a 12% reserve margin
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
