Question
i)The cumulative installation in France by the end of 1977 was about 2.0 GW, and the cost (in 1998 French Francs) was about FF7000. per
i)The cumulative installation in France by the end of 1977 was about 2.0 GW, and the cost (in 1998 French Francs) was about FF7000. per kilowatt (FF 7.00 per watt). The model suggests that the cost moves to about FF25000 per kilowatt (FF25 per watt) by 1999, with 70. GW of cumulative installation. What is the average rate of change of cost per year for nuclear reactors in France between 1977 and 1999?[3 points]
ii)Given the information about nuclear reactors in France in question (i) above, use the learning curve model to project the reactor construction cost per kilowatt in 2020 based on the 1999 costs. Assume that 2GW of nuclear reactors are installed annually and neglect inflation on prices. (Hint: calculate b first using 1977 and 1999 values)[10 points]
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