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Telecommuting Source: Gilangreffi (Own work) [ CC0 ] via Wikimedia Commons

Power

Today huge plants generate electricity from coal (44.9%), natural gas (23.8%), atomic energy (19.6%), hydroelectric (6.2%), and other renewable (e.g. wind, solar) (4%) sources.

US Energy Information Administration, Net Generation by Energy Source: Total (All Sectors), 1996 through December 2010, http://www.eia.gov/cneaf/electricity/epm/table1_1.html , accessed 4/25/11

Power affects urban form in that urban centers must be connected to the grid, and the ubiquitous power line tethers us to the power plant. Sustainable cities will probably not lose the grid, but should accommodate those who want to produce their own power by running the meter backwards. Until and unless atomic fusion supplies cheap, safe, reliable power, renewables will compete with fossil fuels. Even as we hit peak oil, coal will be plentiful for the foreseeable future. Coal will continue to be cheap because its price will probably not reflect all the costs of smog, acid rain, and its subsequent effects on health and the environment Hawken; op cit p.76 let alone recognize that the reserves are being depleted. As the technology evolves and as government policy requires utilities to buy power from small decentralized sources we will all get used to wind mills and photovoltaic arrays. Geothermal heat pumps will heat and cool space more efficiently. Zoning and building codes will have to be revised to deal with solar access rights, noise from windmills and odors from biomass and biofuels.

Windmills Source: James McCauley from Enon, OH, United States of America (Flickr) [ CC-BY-2.0 ], via Wikimedia Commons

Local wind generator, Spain, 2010 Source: By Patrick Charpiat (Own work) [ CC-BY-SA-3.0 ] via Wikimedia Commons

Technology will also enable us to operate more efficiently. One of the problems with conventional power generation is that the plants must be (over)sized to accommodate peak loads. In the future the “Smart Grid” should smooth peak loads by instructing consumer appliances to perform tasks, such as laundry and dishwashing, in low demand periods (middle of the night), and will offer lower rates as an incentive.

See Section 2.7.2&also CNT http://www.cnt.org/news/media/brockway-consumerperspective.pdf , accessed 4/25/11

Microgrids A local microgrid in Sendai, Japan Source: See page for author [Public domain], via Wikimedia Commons

Commerce

Our parents and grandparents have seen dramatic change in the area of commerce. Until 1950 we walked to the neighborhood store and most of the goods we bought were produced locally. On special occasions you’d take the trolley downtown to the central business district (CBD) to visit the large department stores (e.g. Marshall Fields in Chicago, Macy’s in New York). With the suburbanization following World War II CBD’s were replaced by suburban malls. We drove to the malls. The CBD’s died out. For the last thirty years big box chains have dominated retail, but most recently ecommerce entices consumers with better selection and prices (and sometimes no sales tax). Most of us find that we shop online more efficiently and those that need the personal attention that retail establishments currently offer might find that they will have to engage the services of a personal shopper (note the shift from good to service). Most of the goods we purchase, even food, have been produced somewhere else. World trade, as measured in US dollars at current prices, has grown astronomically, from $10.1 billion in 1900

United Nations, INTERNATIONAL TRADE STATISTICS 1900 – 1960, http://unstats.un.org/unsd/trade/imts/Historical%20data%201900-1960.pdf , accessed 4/26/11

, to $62 billion in 1950, to $15.2 trillion in 2010. US imports and exports have risen from $1.4 billion (exports) in 1900 to $9.6/10.3 billion in 1950 and to $1.97/1.28 trillion in 2010.

extracted from world Trade Organization database 4/26/11, http://stat.wto.org/StatisticalProgram/WSDBViewData.aspx?Language=E

Questions & Answers

What is inflation
Bright Reply
a general and ongoing rise in the level of prices in an economy
AI-Robot
What are the factors that affect demand for a commodity
Florence Reply
price
Kenu
differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
hi guys good evening to all
Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
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Source:  OpenStax, Sustainability: a comprehensive foundation. OpenStax CNX. Nov 11, 2013 Download for free at http://legacy.cnx.org/content/col11325/1.43
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