Question

Consider a family in Atlanta, Georgia, whose average heating bill has been $600 a year. The...

Consider a family in Atlanta, Georgia, whose average heating bill has been $600 a year. The family now moves to an identical house in Denver, Colorado, where the fuel and electricity prices are also the same. How much do you expect the annual heating bill of this family to be in their new home?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

From the problem it is clear that the two things used for heating is electricity and fuel. Because of them the heat producing. Based on that i analysed the problem.

average heating bill= $600 a year (before the shift.).

But after shifting their houses from Atlanta, Georgia the fuel and electricity prices are same in Denver, Colorado.

So,

The average heating bill = $600 a year

(the quantities which are responsible for producing heat * their cost per year) total cost

average bill=  ------------------------------------------------------------------------------------------ = ---------------------

( the quantity producing the heat ) no of quantities

therefore,

no of quantities = 2 (fuel, electricity)

total cost= average cost *2

total cost= 600*2 a year

The annual heating bill = $ 1200 a year

Add a comment
Know the answer?
Add Answer to:
Consider a family in Atlanta, Georgia, whose average heating bill has been $600 a year. The...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The average price of a house in Dublin has increased once again to €388,000

                                                 The average price of a house in Dublin has increased once again to €388,000THE AVERAGE HOUSE price in Ireland has risen by almost 4% in the past year, according to the latest Daft.ie report.The average price nationwide, based on the 8,200 properties listed in the last 12 months, is now €263,000 – an increase of 3.7% on the previous year.Dublin was once again the most expensive county to buy a house in, with the average price of a house...

  • Midwest Family Mutual Insurance Company based in Plymouth, MN is very pleased to self-declare our Company...

    Midwest Family Mutual Insurance Company based in Plymouth, MN is very pleased to self-declare our Company environmentally “Green”. In the past 5 years, the Company has reduced its annual electricity consumption by 155,000 KWH or 63% and natural gas consumption by 5,700 therms or 76%. Paper usage is down by 65% with the implementation of extensive electronic notification processes. Beginning in 2003, a number of electronic processes have been implemented at Midwest Family. The most effective energy dependency change is...

  • 1. Which of the following trades implies that ownership has been taken? a. Buying a futures...

    1. Which of the following trades implies that ownership has been taken? a. Buying a futures contract. b. Selling a futures contract. c. Buying a stock. d. Shorting a stock. e. None of the above implies ownership. The following transactions are the only ones made during the first 4 days a futures contract trades. Answer question 2 based on this table. DAY TRANSACTION S O 1 A Long 30, B Short 30 2 A Long 55, C Short 55 3...

  • PROJECT MANAGEMENT CASE - ASAP The Home Improvement Project Lukas Nelson and his wife, Anne, and...

    PROJECT MANAGEMENT CASE - ASAP The Home Improvement Project Lukas Nelson and his wife, Anne, and their three daughters had been living in their house for over five years when they decided it was time to make some modest improvements. One area they both agreed needed an upgrade was the bathtub. Their current house had one standard shower/bathtub combination. Lukas was 6 feet four and could barely squeeze into it. In fact, he had taken only one bath since they...

  • John Barton is both excited and amazed. Excited because on graduating from college one year ago...

    John Barton is both excited and amazed. Excited because on graduating from college one year ago at age 22, he landed a good job with a commercial leasing firm and he is enjoying the work. His company has good benefits and has just given him a raise so that in his next (2nd) year of employment he will be earning $55,000 per year. He is amazed because even with this raise he feels that money is just as scarce as...

  • A. One of the most important skills to learn in managerial economics is the ability to...

    A. One of the most important skills to learn in managerial economics is the ability to identify a good business. Discuss at least four characteristics of a good business. B. Identify and talk about at leash four companies that you regard as having the characteristics listed here C. Suppose you bought common stock in each of the four companies identified here. Three years from now, how would you know if your analysis is correct CASE Study Is Coca-Cola the "Perfect"...

  • Trader Joe's Keeps Things Fresh CASE 1A Trader Joe’s Keeps Things Fresh The average Trader Joe’s...

    Trader Joe's Keeps Things Fresh CASE 1A Trader Joe’s Keeps Things Fresh The average Trader Joe’s stocks only a small percentage of the products of local supermarkets in a space little larger than a corner store. How did this neighborhood market grow to earnings of $9 billion, garner superior ratings, and become a model of management? Take a walk down the aisles of Trader Joe’s and learn how sharp attention to the fundamentals of retail management made this chain more...

  • Hi can you help me make a summary about this short article and how it affects...

    Hi can you help me make a summary about this short article and how it affects me economically as US citizen ? Supported by Federal Shutdown’s Uneven Toll: Some Americans Are Devastated, Others ObliviousFederal Shutdown’s Uneven Toll: Some Americans Are Devastated, Others Oblivious “It has been terrible,” said Andrea Caviedes, a furloughed loan processor in the Agriculture Department’s rural development program.CreditMichael B. Thomas for The New York Times Image “It has been terrible,” said Andrea Caviedes, a furloughed loan processor...

  • Already in all African countries, Coca Cola has committed $12 billion to invest in the continent...

    Already in all African countries, Coca Cola has committed $12 billion to invest in the continent between 2010 and 2020. Why does Coca-Cola show such strong commitments to Africa? Founded in 1892, Coca-Cola first entered Africa in 1929. While Africa had always been viewed as a “backwater”, it has recently emerged as a major growth market commanding strategic attention. Of the $27 billion that Coca-Cola’s chairman and CEO Muhtar Kent promised to invest in emerging economies between 2010 and 2020,...

  • Please show the formulas. Unique Sinks Master Budget Unique Sinks is a family-owned manufacturing business specializing...

    Please show the formulas. Unique Sinks Master Budget Unique Sinks is a family-owned manufacturing business specializing in sinks; it does not produce any of the faucets or plumbing needed for installation. The company focuses on the new housing market, which has been quite strong for over ten years. Unique Sinks' core competencies include a relatively low- cost but high-quality manufacturing process for sinks. During the last several years, demand for large houses with three to four bathrooms was strong. And...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT