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This reaction is rapid and stoichiometric, with the addition of one mole of thiol releasing one mole of TNB. The TNB 2− is quantified in a spectrophotometer by measuring the absorbance of visible light at 412 nm, using an extinction coefficient of 14,150 M −1 cm −1 for dilute buffer solutions, [4] [5] and a coefficient of 13,700 M −1 cm −1 for high salt concentrations, such as 6 M ...
In a power system, a load curve or load profile is a chart illustrating the variation in demand/electrical load over a specific time. Generation companies use this information to plan how much power they will need to generate at any given time. A load duration curve is similar to a load curve. The information is the same but is presented in a ...
Maximum Demand Indicator (MDI) is an instrument for measuring the maximum amount [clarification needed] of electrical energy required by a specific consumer during a given period of time. [1] MDI instruments record the base load requirement of electrical energy .
Together, the price duration curve and load duration curve enable the analyst to understand the behaviour of the electricity market, for example, the likelihood of peaking power plant being required for service, and the impact that this might have on price. Mathematically, it is a complementary cumulative distribution function.
The standard newsvendor profit function is [] = [(,)] where is a random variable with probability distribution representing demand, each unit is sold for price and purchased for price , is the number of units stocked, and is the expectation operator.
The relationship between the utility function and Marshallian demand in the utility maximisation problem mirrors the relationship between the expenditure function and Hicksian demand in the expenditure minimisation problem. In expenditure minimisation the utility level is given and well as the prices of goods, the role of the consumer is to ...
Maximum total revenue is achieved where the elasticity of demand is 1. The above movements along the demand curve result from changes in supply: When demand is inelastic, an increase in supply will lead to a decrease in total revenue while a decrease in supply will lead to an increase in total revenue.
In some cases, there is a unique utility-maximizing bundle for each price and income situation; then, (,) is a function and it is called the Marshallian demand function. If the consumer has strictly convex preferences and the prices of all goods are strictly positive, then there is a unique utility-maximizing bundle.