Electric power production and distribution is an industry that is dominated by natural monopolies. Companies are given a monopoly to operate in an area by local, county, or state government, and in return, they have a legal obligation to provide electricity on demand to all customers in a geographic area. As a result, state and federal agencies extensively regulate utility companies to ensure customers and businesses are treated fairly. At the state level, an elected or appointed commission sets the rate of use for consumers, based upon the request of the providers. By law, these rates must allow the utility company to recover its cost of service, as well as to make a profit on their investment. Which form of government regulation does this passage primarily describe? taking over a company to operate it placing price limitations on a producer requiring public ownership of an industry insisting on approval over decision making.

Answers

Answer 1

Answer:

placing price limitations on a producer

Explanation:

"these rates must allow the utility company to recover its cost of service"

Answer 2

A standard electricity supplier is the main integrated owner of production, transmission, and distribution. These are included under natural monopolies.

What are natural monopolies?

One top line reduces both the high cost and the loss of electricity inputs per unit of carrying capacity, transmission and distribution are the only natural monopolies.

The freshly generated energy is transmitted at high voltage and distributed to residential and commercial users at low voltage. Two aspects of electrical power make resources different from many other industries.

First, both high voltage transmission and low-voltage distribution are most economically done in a single line or single line network.

Second, because electricity cannot be stored cheaply, it should be produced as soon as it is needed. Failure to adjust production to demand may result in blurring or darkening of a large area.

In view of these factors, a typical electricity supplier as a natural monopolist is the main integrated owner of production, transmission and distribution.

It holds the administrative mandate given to the government as a legal compensation as a public service to serve all customers in the area.

It (or a few resources) is responsible for the operation of the control area, where it must maintain integrity and deliver economic productivity.

Thus,  a typical electricity supplier as a natural monopolist is the main integrated owner of production, transmission, and distribution.

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Related Questions

True or false: In addition to distributing products within each foreign market, marketing managers also have to determine how to get the products to foreign markets.

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It is TRUE that in addition to distributing products within each foreign market, marketing managers also have to determine the strategies to get the products to foreign markets.

Who are marketing managers?

Marketing managers are employees responsible for managing the promotion and positioning of a company's brand or products and services.

Marketing managers must attract more customers to the company and raise brand awareness by creating effective marketing campaigns.

Thus, it is TRUE that in addition to distributing products within each foreign market, marketing managers also have to determine the strategies to get the products to foreign markets.

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Imagine that your boss is delegating parts of a project to you and to another team member. Because the other team member has a longer work history with the boss and is highly trusted, you are assigned the unchallenging portions of the project. What do you say or do

Answers

Don’t start a scene, Just do the unchallenging portions of the work there’s not much you can do when it comes to these type of situations.

A solution was made by dissolving 800. 0 g of NaOH in 25,200 g of water. Calculate the morality, molality, and mole fraction of NaOH

Answers

The morality, molality, and mole fraction of NaOH is mathematically given as

morality= 4 ppmmolality=0.7936mx1 = 0.152

What are the morality, molality, and mole fraction of NaOH?

Question Parameters:

A solution was made by dissolving 800. 0 g of NaOH in 25,200 g of water.

Generally, the equation for the Molality   is mathematically given as

molality = (mass / molar mass) x (1/ weight of solvent kg)

Therefore

M= (800 /40) x (1 /25.2)

M=0.7936m

Therefore

m= 10 x 18 / 1000

m= 0.18

Hence

x1 = 0.18 - 0.18 x1

1.18 x1 = 0.18

x1 = 0.152

Where the mole fraction is x1 = 0.152 The mass is

m= (800 / 800 + 2000) x 1000

m= 28.57 %

Hence the morality

molality = mg /L

molality= 8000 x 10^-3 / 2 L

morality= 4 ppm

In conclusion, the morality, molality, and mole fraction of NaOH are given respectively as

morality= 4 ppm

molality=0.7936m

x1 = 0.152

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Artemis wants his employees to get better sleep so that they stay healthy and thus take fewer sick days. He should recommend that his employees:

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Artemis must recommend healthy practices to its employees such as eating properly, sleeping at least 8 hours a day, doing at least 1 hour of daily physical activity and avoiding consuming alcoholic beverages.

How to lead a healthy lifestyle?

A healthy lifestyle is a type of lifestyle that combines various actions that improve the health of individuals by improving various aspects of their life.

What recommendations would you give someone to improve their lifestyle?

Some recommendations to improve lifestyle are related to a healthy lifestyle because this has a positive impact on it. Some recommendations are:

Eat balancedDo not consume alcoholic beveragesDo physical activity dailySleep at least 8 hours a day

According to the foregoing, Artemis must recommend these practices to its employees so that their health remains in optimal conditions and their performance at work is not affected.

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In a period of rising prices, which of the following inventory methods generally results in the lowest amount of net income?.

Answers

the answer is…

LIFO Method

Question 10 of 10
Credit unions differ from banks because they don't do what?
A. Have ATM machines
B. Seek to make profits
c. Offer checking accounts
D. Give out loans
SUBMIT

Answers

Answer:

how to get rid of the red sky episode of this is not a good time for you guys to come over for

In employee is taking part in a performance appraisal process that requires the employee to rate a coworker's performance. In this case, the coworker is also the employee's spouse. This situation is an example of ________.

Answers

Performance appraisal is peculiar to establishments to better improve such. When a situation as the above is the case, then, tge situation is an example of Halo and Horn Effect.

Halo and Horn Effect

Halo and Horn Effect is when our first impression of somebody leads us to have a biased positive or negative opinion of their work or company. Hence, the relationship will most likely reflect in such situation.

Therefore, the answer is Halo and Horn Effect.

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Cody is an intrapreneur for a multinational wearable electronics company. Which statement best describes Cody's duty

Answers

Answer: He will use the firm's existing resources to develop new products.

He will create new products using the company's existing resources

What are resources?

All materials available in our environment that are technologically accessible, economically possible, and culturally sustainable that assist us to satisfy our needs and desires are referred to as resources. Resources are divided into two types based on their availability: As

Cody is an entrupuners in a multinational company there are certain duty is to be there that Cody has to be followed they have to be innovative and more creative with the products they have to follow the strategy as they can make more profit from it as they have many resources for the innovation. Renewable and non-renewable resources. They can also be classed as actual or potential based on their level of development and use, as biotic or abiotic.

Therefore, He will create new products using the company's existing resources.

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How long do you have to work to qualify for unemployment?.

Answers

until you are eligible to pay check entitlement

Answer: Each state determines who is eligible for unemployment insurance benefits, however you are usually eligible if you: Are jobless due to no fault of your own. In most states, this implies that you had to leave your previous position due to a lack of accessible work. Comply with all labor and wage standards.

Explanation:

If an account receivable balance previously written off using the direct write-off method is later collected in full, the entry to record the payment must include a credit to:

Answers

The entry to record the payment of an account receivable balance with direct write-off method must include a credit bad debt expense .

What is bad debt expense ?

A bad debt expense  can be regarded as the expenses that us recorded when receivable is no longer collectible .

This is because a customer is unable to pay an outstanding debt  as a result of different reasons such as bankruptcy or other financial problems.

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Extended decision making is __________________________________. Limited decision making Selective distortion The most complex type of decision making Based in perceptions

Answers

Answer:

extended decision making

Explanation:

it is a highly involved consumer decision regarding whether or not to purchase a product

A prospective buyer contacts Pam, a broker, about a house on the market. The buyer tells Pam that he does not like Asians, and asks her whether there are many Asians living in the neighborhood. How should Pam answer this question

Answers

If the buyer asks her whether there are many Asians living in the neighborhood. Pam should tell the buyer that: He/she is prohibited by law to discuss racism.

What is racism?

Racism can be defined as a form of discriminations that occur among people either because of color, ethnics, age or background.

Based on the given scenario Pam should respond to the buyer by telling the buyer that racism is not allow or prohibited by law and therefore she is not allow to discuss the racial composition of a neighborhood.

Inconclusion the buyer is prohibited by law to discuss racism.

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Carter is a salesman with great hoops, inc. His boss tells him that the company needs more buyers for its inflatable basketball hoops. Carter decides to open up the phone book and start calling businesses to determine their interest in his product. This is typical of which stage in the selling process?.

Answers

the answer is..

Prospecting

The activity described where Carter opens up the phone book and starts calling businesses to determine their interest in the inflatable basketball hoops is typical of the "Prospecting" stage in the selling process.

Prospecting is the first stage in the selling process where the salesperson identifies potential customers or prospects who might be interested in the product or service they are offering.

It involves searching for potential buyers through various means such as cold-calling, using online databases, attending networking events or seeking referrals.

In Carter's case, he is using the phone book to identify potential businesses to approach and gauge their interest in purchasing the inflatable basketball hoops. Once he identifies potential leads, he will move on to the next stages of the selling process such as qualifying leads, making sales presentations, handling objection and closing deals.

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Routinized Response behavior is a consumer problem-solving process used when buying: ___________.
i. Moderate cost items requiring a moderate search-and-decision effort
ii. Low-cost items requiring very little search-and-decision effort
iii. High cost items requiring extensive search-and-decision effort
iv. Moderate cost items requiring very little search-and-decision effort

Answers

I think it would be Low cost items requiring very little search and decision effort. sorry if incorrect.

A team of hr professionals is reviewing options for the new benefits package. During their first meeting, evona suggested offering the contract to healthplus hmo, and the others agreed with evona for the sake of unanimity, without ever researching or analyzing the decision. Evona and her team are engaged in:.

Answers

Analyzing the case, as the agreement and unanimity of a professional team, it is correct to say that Evona and her team are engaged in groupthink.

What is groupthink?

Corresponds to the cohesion and integration of a team, in which members are able to accept each other's points of view and generate consensus, without presenting critical reasoning or evaluation of other alternatives.

Therefore, although groupthink is effective for team cohesion and integration, it can lead to reduced creativity and innovation, as individuals seek consensus in order not to generate conflicts and unbalance the team.

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Outline ways in which the productivity of land can be improved​

Answers

getting better rest, meditation, exercise, hydration, mental focus exercises like military box breathing, and good nutrition just to name a few. it depends on the caause of lack of productivity.

if you cant focus well, a fidget toy may help. if your sluggish, better rest may help. and if your depressed meditation may help. i hope THIS helped!

when the unemployment rate____the natural unemployment rate, the real gdp is____ potential gdp and the output gap is

Answers

It should be noted that when the unemployment rate is currently above the natural unemployment rate, the real gdp is below potential gdp and the output gap is low.

What is unemployment rate?

unemployment rate can  be regarded as the percentage of unemployed individuals that can be seen in an economy .

This are  individuals that are currently not in the labour force and the real gdp is below potential GDP when unemployment rate is currently above the natural unemployment rate.

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Think of a team you have been a part of, for example, in sports or for a class project. Write a paragraph on how you went about performing the tasks. Did everyone have his or her own tasks to do? How did everyone interact? Did you face any problems while working together? Why do you think that was? Do you think that your group functioned well overall?

Answers

A team that I was a part of was a group project in school.

We went about performing the task as we gave each person a role to play in order to accomplish the task.

Yes. Everyone had a task.

Everyone interacted as they shared idea about their roles.

I didn't face any problem while working with them as they were all cooperative.

Yes. My group performed well overall.

What is a team?

A team is a group of people who work together to achieve a common goal. An effective teamwork environment creates an enabling work environment, allowing team members to become more effective and efficient.

The goal of a team is to figure out how a unique group of people can use their skills to achieve a goal at a specific time. A clear team purpose can help motivate people to take action. Knowing the purpose of a team can help you create awareness and inclusion.

As a result, teamwork processes have a moderately positive effect on team performance and a strong positive effect on team commitment.

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Positive economics:Question 14 options:a) is the same as normative economics.b) describes opinions and perspectives on how the world should work.c) describes how the world does work.d) is based on opinion polls.

Answers

Answer:

C, describes how the world does work

Explanation

A fundamental distinction in economic analysis is between normative and positive economics. Normative economics describes what things ought to be, while positive economics describes what things are.

Last year a company spent $11 million on Internet advertising. If that amount increases by 17 percent this year, how much will the company spend on Internet advertising?

Answers

If a company spent that much on internet advertising and increased it by 17%, the new amount spent would be $12.87 million.

How much did the company spend on advertising?

The amount spent can be calculated as:

= Amount x (  1 + increase in advertising)

Solving gives:

= 11 million x (  1 + 17%)

= 11 x 1.17

= $12.87 million

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Problem 11-7 Evaluating Health Insurance Options (L011. 4)

Ronald started his new job as controller with Aerosystems today, Carole, the employee benefits clerk, gave Ronaldo packet that

contains information on the company's health insurance options, Aerosystems offers its employees the choice between a private

insurance company plan (Blue Cross/Blue Shield), on HMO, and a PPO, Ronald needs to review the pocket and make a decision onwhich health care program fits his needs. The following is an overview of that information

Answers

Based on the plan that Ronald chooses, the annual medical costs that he will pay using the sample medical expenses is $1,109.08.

What is Ronald's annual medical cost?

This can be found as:

= Annual premium + Deductible + Total coinsurance cost

Annual premium is:

= 43.34 x 12 months

= $520.08

Total coinsurance cost:

= (((Physician visits x Cost per visit) + Cost of prescription) - Deductible) x Coinsurance percentage)

= (((5 x 110) + (66 + 90) - 156) x 25%)

= $39

Annual medical cost:

= 520.08 + 550 + 39

= $1,109.08

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The term ______ refers to the unofficial activities and interactions that are a basic part of daily operations within formal organizations. Multiple choice question.

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bureaucracy's other face

An entrepreneurial startup can be successful, if three ingredients are critical. What are they?.

Answers

Answer:

A viable opportunity, available resources, and a qualified and motivated founding team.

Explanation:

Ayayai Corp. sells merchandise on account for $2100 to Marigold Company with credit terms of 2/9, n/30. Marigold Company returns $100 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check

Answers

Based on the fact that Marigold Company returned some merchandise and paid within the discount period, the check amount would be $1,960.

What would be the check amount?

The credit terms 2/9, n/30 mean that if Marigold Company pays their balance in 9 days, they get a 2% discount.

The amount they will pay for settling their debt in that time is therefore:

= (Amount - Returns ) x ( 1 - discount)

= (2,100 - 100) x ( 1 - 2%)

= $1,960

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Price discrimination occurs when: Group of answer choices a seller charges different prices to different consumers of the same product or service. firms maximize their profit by setting price equal to marginal cost. a seller charges different prices to consumers, discriminating by race or gender of the consumer. a seller charges the same price to consumers of a different product or service.

Answers

Answer:

A seller charges different prices to different consumers of the same product/service.

On the Debt Financing tab, which option should be selected in the "How Input" field to model a refinance?

Answers

Debt financing takes place when a company raises money by selling debt instruments to investors.

What is debt financing?

Your information is incomplete. Therefore, an overview of debt financing will be given. Debt financing simply occurs when a firm sells fixed income products, like bonds, bills, or notes.

Debt financing is the opposite of equity financing. The main advantage of debt financing is that the business owner doesn't give up any control of the business.

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Which research tool would be most effective when gathering data on how employees feel about carpooling

Answers

Answer: i think the best way would be a poll

                       

What are the main differences between checking and savings accounts?.

Answers

Answer:

Checking is used for everyday activity, as for saving it is for saving money!

Explanation:

Santander Bank: checking accounts are primarily for accessing your money for daily use while savings accounts are primarily for saving money.

which focuses on the degree to which members of an organization are confrontational and aggressive in their relationships with others

Answers

Performance Orientation: The degree to which a collective encourages and rewards (and should encourage and reward) group members for performance improvement and excellence. Assertiveness: The degree to which individuals are (and should be) assertive, confrontational, and aggressive in their relationship with others.

The process of making the organization into a well-ordered whole is referred to as Select one: A. motivating. B. planning. C. organizing. D. controlling.

Answers

The process where an organization is made into a well-ordered whole is known as C. Organizing.

What is an organization?

It should be noted that an organization simply means a group of people working together to achieve a common aim.

In this case, process where an organization is made into a well-ordered whole is known as organizing. This is important to achieve organizational goals.

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