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Related lectures (32)

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Optimal Abatement

Explores the optimal level of abatement to balance environmental gains and costs.

Market Dynamics: Social Welfare and Economic Models

Examines the interplay between market dynamics and social welfare, highlighting the roles of willingness to pay and willingness to accept in economic models.

Flexure Design: Maximizing Elasticity

Explores maximizing elasticity in flexures and new manufacturing technologies for high efficiency systems in extreme environments.

Production Factors Analysis: Short vs Long Run

Analyzes production factors in short and long run, isoquants, market equilibrium, and consumer surplus.

Basics of Supply and Demand

Explores the basics of supply and demand, analyzing profit maximization and factors influencing supply.

Untitled

Power System Economics Fundamentals

Explores power system economics, Nash equilibrium points, profit maximization, and system security.

Revenue Maximization

Delves into revenue maximization through pricing strategies and customer behavior analysis to optimize revenues effectively.

Battery System Operation

Explores a framework for scheduling a battery system to provide multiple ancillary services to the grid efficiently.

Supply Basics

Covers the basics of supply, willingness to accept, producer surplus, and market supply.