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Application of differentiation based on electricity consumption
A utility company has a small power plant that can produce a kilowatt hours of electricity daily at a cost of 10 - (𝑥/10^5) cents each for 0 < x < 8 x 10^5. Consumers will use 10^5(10 - p/2) ...
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Building a highway at the minimum cost
I am asked the following question:
You are responsible for building a highway that connects A to B. There's an old highway 50 miles south that can be restored at the cost of \$300.000,00 per mile. ...
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