MIcro-Economics Essay Example | Topics and Well Written Essays - 250 words

MIcro-Economics - Essay ExampleThe startle two months of the one-quarter quarter PAF was 95%. For the second and the third quarter the family recorded 83% and 85% respectively which was as a result of increased publish of blacken from India. The steady supply of coal to satisfy demand exit be facilitated by the signed agreement with India, to supply coal which will be fully completed by 2013.The terms price, demand and supply have their application in the inclined article. Supply is the quantity of goods that are available to clients. In the attached article, thermal power corporation posture depends on the add together of coal supplied. Demand is the aspiration to have something for instance, the power produced will be in great demand when the plant handiness factor is low, because of scarcity. Price on the other hand is the amount paid back for goods or services provided (Glazer and Hirshleifer, 68). In this case price will stabilize if the supply of coal will be guaran teed as a result of signed pact. Coal therefore is an authorised natural resource for power production in the economy and to the people who consumes it.National Thermal force Corporation or NTPC has shown higher capacity availability or plant availability factor during the first two months of the current quarter, indicating improved coal supply, according to data with the Central Electricity Authority.This augurs well for the state-run company considering that the previous two quarters were not so good for it and earnings declined due to lack of coal availability. This led to concerns oer capacity availability of its thermal plants, which is directly linked to availability of coal.The plant availability factor or PAF of a plant is the maximum time that it can produce electricity over a given period and is mainly linked to fuel availability. Higher the availability of fuel, higher will be the PAF. NTPCs PAF for the first two months of the fourth quarter was 95%.The company witnesse d PAF of 83% and 85% for the