Question

One recent cost analysis report indicates that electricity from hydroelectric power can be produced for about $0.05 per kWh, while electricity from conventional coal-fired power plants can be produced for an average of about $0.11 per kWh . Calculate the percent change in the cost of electricity for a typical house resulting from a switch between conventional coal-fired power plants to hydroelectric power

Answer 1

Answer:

54.55 %

Explanation:

Cost of electricity used for typical house resulting from coal-fired power plant is

=10900*$0.11 = $1199

Cost of electricity used for typical house resulting from hydroelectric power plant is

=10900*$0.05 = $ 545

Therefore Percent change in cost of electricity for a typical house is

= [(1199 -545)/1199]*100

=54.55 %

Answer 2

A cost analysis report is a report that determines the different cost proposals as well as the cost of the products and services in order to propose the profit of the firm.  The analysis report is also used to evaluate the lack of competitiveness and the comparable offers in the marketplace.  

The percent change in the cost of electricity is 54.55 %

 

The cost of electricity used for a typical house resulting from the coal-fired power plant is

$=10900\times\ 0.11 = \ 1199$

The cost of electricity used for a typical house resulting from the hydroelectric power plant is

$=10900\times\ 0.05 = \ 545$

Therefore Percent change in the cost of electricity for a typical house is

$=\frac{1199 -545}{1199} \times100\\&=54.55 \%$

Therefore, The percent change in the cost of electricity is 54.55 %

To know more about the cost analysis report, refer to the link below:

https://brainly.com/question/16739818