Interruptible service pricing is very different from peak-load pricing
Indicate whether the statement is true or false
F Not really true. If you as a customer do not pay enough, your service will not be maintained when capacity is scarce; your service will be interrupted. Paying more to maintain your service is like paying a higher, peak, price.
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According to the simple Keynesian model, when planned expenditure exceeds income
a. prices rise. b. unplanned inventory investment is negative. c. income falls. d. planned expenditure falls. e. both b and d.
Bob invests $25 in an investment that has a 50% chance of being worth $100 and a 50% chance of being worth $0. From this information we can conclude that Bob is
A) risk loving. B) risk neutral. C) risk averse. D) Any one of the three above.
If the exchange rate (dollars per unit of foreign currency) has increased, we say there has been a(n)
a. appreciation of the foreign currency b. depreciation of the foreign currency c. revaluation of the foreign currency d. devaluation of the foreign currency e. fixing of the foreign currency
What is the meaning of the term marginal cost?
a. The cost of producing an average unit b. The cost of the first and last units c. The cost of producing one more unit d. The total cost of all units produced