| Page |
Chapter |
| As presently written
As it should read |
| Thanks to … |
|
| 39.8 |
1-3.4 |
| Table 1-3.1 computes fixed and variable costs
…
Table 1-3.2 computes fixed and variable costs … |
| Mike Rothkopf |
|
| 45.9 |
1-4.3 |
| … considered part of demand even though it
serves no end used.
… considered part of demand even though it serves no end user. |
| Mike Rothkopf |
|
| 52.9 |
1-5.2 |
| In the same year Smith’s book was published,
George Washington observed, in his first inaugural address
that the “Invisible Hand” (of God) had guided the
United States to victory.
In his inaugural address of 1789,
George Washington observed that the “Invisible Hand”
(of God) had guided the United States to victory in 1776 (the
same year Smith’s book was published). |
| Ed Mills |
|
| 53.6 |
1-5.2 |
| In this way free entry ensures that profits
will not be above normal.
In this way free entry ensures that profits will not stay
above normal. |
| Mike Rothkopf |
|
| 60.4 |
1-6 |
| The definition of marginal cost does not apply
only to the points of discontinuity. The standard
definition of marginal cost does not
apply to the points of discontinuity. |
| Mike Rothkopf |
|
| 65.3 |
1-6.2 |
| Having analyzed the example, the preceding list
of incorrect conclusions can be restated in their.
Having analyzed the example, the preceding list of incorrect
conclusions can be restated correctly
as follows: |
| Richard Benjamin |
|
| 65.4 |
1-6.2 |
Having analysed the example, the preceding list of incorrect assumptions can be restated in their.
Having analysed the example, the preceding list of incorrect assumptions can be restated in their correct form.
Matthew Jeppesen
|
| 67.6 |
1-6.4 |
Competitive price will always be less than or equal to left-hand marginal cost, …
Competitive price will always be less than or equal to right-hand marginal cost, …
Matthew Jeppesen
(Not checked, and Matthew says this: “This one I’m less sure about, but is more important for it to be correc.” I am quite prone to mixing up left and right, so I’m guessing he’s right. –Steve)
|
| 103.7 |
1-9.5 |
| If a generator injects 100 MW and there are two
loads on the system,
If a generator injects 50 MW
and there are two loads on the system, |
| Marcos Pourteau |
|
| 130.8 |
2-2.3 |
| plant would serve a load slice with an average
duration of 43.75%
plant would serve a load slice with an average duration of 37.5%
1000 MW× ($12/MWh + 0.4375 × $18/MWh)
1000 MW× ($12/MWh + 0.375
× $18/MWh)
which comes to $19,875/h.
which comes to $18,750/h.
1000 MW× ($6/MWh + 0.4375 × $30/MWh)
1000 MW× ($6/MWh + 0.375
× $30/MWh)
This comes to $19,125/h. The extra cost of $750/h is less than
0.4% of the total
This comes to $16,250/h.
The extra cost of $2500/h
is about 1.25% of the
total |
| Isaac Castillo |
|
| 131.6 |
2-2.3 |
| The average loss from the lumpiness of peakers
is about $150/MWh
The average loss from the lumpiness of peakers is about $150/h |
| Marcos Pourteau |
|
| 245.9 |
3-5.1 |
| … 100 MW of power was sold for two
hours at a price of $35/MWh.
… 100 MW of power was sold for two hours at a price of
$50/MWh. |
| Marcos Pourteau |
|
| 301.5 |
3-9.2 |
| This has been computed, and the results are
shown in Figure 3-9.4.
This has been computed, and the results are shown in Figure
3-9.3. |
| Marcos Pourteau |
|
| 329.1 |
4-2 |
| … seldom meet together, even for a
merriment or diversion,
… seldom meet together, even for merriment
and diversion, |
| Ed Mills |
|
| 340.2 |
4-3.1 |
| To understand this result, Equation 4-3.1 can be rearranged to give . As the elasticity P = [e/(1 – e)]MC
To understand this result, Equation 4-3.1 can be rearranged to give . As the elasticity P = [e/(e – 1)]MC |
| Kristina Govorukha |
|
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Chap |
| Original
Corrected |
| Credit |
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