Identify the assumptions necessary to make the statement


Problem

Energy can be conserved when your home heating/cooling system works less during the heating and cooling seasons. In fact a one degree Fahrenheit difference in your thermostat setting can reduce energy consumption by up to 5%. Identify the assumptions necessary to make this statement valid for heating and cooling a 2,000 square foot home.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Identify the assumptions necessary to make the statement
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