All of the following questions may benefit from engineering economics, except for A Determining how safe a project is to construct B Determining which projects are worthwhile Determining how a project should be designed Determining which projects have higher priority
Q: Give one business organizations and state how it contributes to Socio-economic development?
A: Socio-economic development: It is the interaction by which a country works on the financial, politic...
Q: It is important of both manufacturing and service sectors have the widest variation in the developin...
A: The developing country is one that is trying to expand its economic activities in the rest of the wo...
Q: 15. A hotel rents rooms to customers by the night. The hotel determines that if it sets the price o...
A: Revenue is the money earned by a company from the sale of its goods and services. . Revenue measures...
Q: Problem 5) Given the cash flow diagram, determine the unknown for an interest rate of 10%. 600 600 4...
A: Dear student as you have posted multiple questions but according to our policies and guidelines we c...
Q: The OEM company specializing in printed circuit board manufacturing has annual fixed expenses of P50...
A: The markets are the place where the buyers and the sellers of the goods and services get involved in...
Q: An annual fixed operating cost of P10,000,000 is incurred by a Medical Devices Manufacturing Company...
A: Fixed cost = 10,000,000 -------------------------- Variable cost per unit = 1,375 Let's assume Q uni...
Q: A student loan with a simple annual interest rate of 2.5% must be paid back in ten years. A student ...
A: We have given that the interest paid by the student for the loan = 2000 Rate of interest r=2.5% and ...
Q: We expect price elasticity of demand for the popcorn at a movie theater to be a.) perfectly elastic...
A: The relative change in quantity demanded owing to a change in price is measured using price elastici...
Q: Your association is thinking about running a venture which will involve a speculation of $1,000,000....
A: The amount invested in a project is $1,000,000 The revenue of $250,000 will be generated after the e...
Q: 1. Suppose that you want to write down a model to explain the observed relationship between aggregat...
A: The relationship between aggregate income and aggregate economic spending is determined on the basis...
Q: Surplus in market is occured when: a. Price is equal to Quantity supplied b. Quantity supplied is gr...
A: Surplus exists in the market when the market price is set above the equilibrium price. Equilibrium p...
Q: DQ1: Bailments: Discuss any bailment situations about which you have personal knowledge in which one...
A:
Q: An equipment costs ¥ 10,000 with a salvage value of ¥ 500 at the end of 10 years. Calculate the tota...
A: Given: The equipment cost is = ¥ 10,000 Salvage value = ¥ 500 To Find: The depreciation charge and...
Q: ak Creek company sold 55,500 units of afinity TV in 2019. The following year, the umber of Inifinity...
A: Income elasticity of demand depicts how much consumer responds with change in his income.
Q: A company will be more enthusiastic in providing more training to its workers during an economic dow...
A: Training: Preparing is instructing, or creating in oneself or others, any abilities and information ...
Q: 1.What is the relationship among property rights, corruption, and economic progress? How important a...
A: Disclaimer :- As you posted multiple questions we are supposed to solve only the first one as per ou...
Q: What forces may be at work in giving the Millennium Development Goals such a high profile in interna...
A: There are 8 goals that can be considered under millennium development goals: 1- Reduction of poverty...
Q: Federal Reserve Private Bank Assets Liabilities Assets Liabilities -$50m T-bills -$50m monetary base...
A: In the question above, it is given that : Federal Reserve Private Bank Reserve Ratio = 50% = 0.50 ...
Q: Number of wells Total water output (in 1000s of liters/day TR TC AVR Profit 0 0 0 0 0 0 10 100 10000...
A: An economically efficient number of wells will be those where profits will be maximised. Profit is c...
Q: what pricing approach is it when a high school basketball team offers discounts to students, alumni ...
A: Price discrimination refers to when the seller charges a different price to different customers. Thi...
Q: Explain the basics of foreign and domestic competition?
A: Competition is an integral part in economics, it is the basis of various forms of market. Quality go...
Q: • Calculate the amount deposited 1 year ago to have P75 now at an interest rate of 25% per year. Als...
A: Given: The net amount is = ₱75 The interest rate is = 25% per year Years = 1 year ago To Find: The ...
Q: a. As the price of tickets rises from $200 to $250, what is the price elasticity of demand for (i) b...
A: Let we have concider given that price elasticity of demand for the buissness traveller and vocatione...
Q: Which of the following are examples of specialization? Check all that apply. O Eileen is good at exp...
A: Since you have posted multiple questions, as per answering guidelines we are supposed to solve only ...
Q: The stock market experienced massive growth following President Trump's election in 2016, surging ne...
A: Massive growth following President Trump's election in 2016 There was a massive growth in the stock ...
Q: Which of the following is true about utility? O Utility same for all the consumers O Utlity is subje...
A: 1st option - incorrect Utility is not same for all consumers. It varies from person to person. 2nd...
Q: Should the Imitation Gap Theory be discarded as a practical explanation of trade pattern? Please cit...
A: No, the Imitation Gap Theory is not to be dismissed as a viable explanation for trade patterns. In 1...
Q: 04. For the cash flows shown, find the future worth in year 7 at i = 3% per year? Please show your w...
A: For, Year 2=700Year 3=1.03 x 650=669.5Year 4=(1.03)2 x 600=636.54Year 5=(1.03)3 x 550=600.99Year 6=(...
Q: Is the following statement TRUE or FALSE? Please provide reason for the answer. The marginal propen...
A: The amount of money spent on products and services is referred to as consumption. Savings and consum...
Q: 2. Why does the "quality/new goods bias" arise if the inflation calculated based on a fixed basket o...
A: Inflation is a proportion of the pace of rising costs of labor and products in an economy. Inflation...
Q: A couple decided that for every child that will be born they will place a deposit in the bank so tha...
A: Given the future value, FV = P300000 Present invested amount, PV = P15249.13 Time, n = 18 years
Q: stabilise the price is one of the objectives of economics. a. True b. False
A: WHAT IS ECONOMICS? IT IS REFER AS SOCIAL SCIENCE CONCERNED WITH THE PRODUCTION, DISTRIBUTION AND CON...
Q: 1. The positive relationship between consumption expenditure and disposable income can be shown by a...
A: When analyzing the relationship between consumption and disposable income, it can be said that consu...
Q: Suppose you invest $2000 today, another $200 one year from now, and still another $800 two years fro...
A: Introduction Suppose today you have 2000 dollar then you add 200 dollar in 1 year. Then it will beco...
Q: Using the market demand function, what is Px that will make all the buyers stop purchasing this prod...
A: Given Individual demand function: Qdx=65000-11.25Px+15PY-3.75I+7.5A Price of product Y is PY=41.25A...
Q: 4. Douglas utility functions. Suppose that Tony's utility function is U = GH, and Margaret's utility...
A:
Q: Leasing a car might be a good option for someone who O wants to customize their car O drives a lot o...
A: Leasing a car means getting a car on rent.
Q: The OEM company specializing in printed circuit board manufacturing has annual fixed expenses of P50...
A: The Break-even point is the point at which the price is charged where the total revenue equals the t...
Q: define or describe globalization without being anchored/biased to the definitions of political exper...
A: The term "globalization" basically refers to the speed with which global movements and the exchange...
Q: A manufacturing firm has a total cost curve : TC= 0.25Q^3 - 6Q^2 + 50Q + 240, and a marginal cost cu...
A: It has given, TC=0.25Q3-6Q2+50Q+240MC=0.75Q2-12Q+50Now,MC'(Q)=1.5Q-12=0Therefore,1.5Q=12Q=8Now, for ...
Q: 9. If the central banks sells bonds in the open market, net exports will increase. Answer: Reason:
A: The sale of domestic goods and services on the international market is referred to as exporting. Imp...
Q: Table 24-2 The following table pertains to Wrexington, an economy in which the typical consumer's b...
A: Consumer price index(CPI): - it is a measure of change in the price level, it measures the change in...
Q: 1. Describe options for employee socialization and the role socialization plays. [10+10]
A: Employee Specialization:- Employee specialisation is the procedure by which staff members acquire in...
Q: Examine in details Four (04) different sourcing approaches that could be used by procurement experts
A: Sourcing aims to locate, assess, and engage suppliers in order to save money and get the best deal o...
Q: A4 Imagine that in the year 2035, Japan’s economy shrinks significantly, causing a decrease in inves...
A: Quantity of enterprise would depend on certain factors. It would for example increase if there are m...
Q: Given Cost and Price (demand) functions C(q)=120q+45000 and p(q)=−2.8q+900, what is the marginal r...
A: Marginal revenue refers to change in total revenue with respect to change in output.
Q: Possible methods for avoiding the externalities in a free-market economy?
A: An externality refers to the benefits or costs which are caused by yhe producers but are not incurre...
Q: The OEM company specializing in printed circuit board manufacturing has annual fixed expenses of P50...
A: Break-even point:- BEP=FCP-VC where; FC= Fixed Cost P= Price VC= Vari...
Q: Which of the three objectives of development should you meet and apply from the given scenario? In r...
A: Here, the Canadian survey founds that most of the Muslims in Ontario have different values and belie...
Q: what pricing approach is it when a ticket speculator buys and then resells tickets?(eg. concert tick...
A: The answer is - 2.Peak Load Pricing
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- Which of the following statements defines the discipline of engineering economics most closely?(a) Economic decisions made by engineers.(b) Economic decisions related to financial assets.(c) Economic decisions primarily for real assets and service from engineeringprojects.(d) Any economic decision related to the time value of money.A community public works project will cost $92,000 and will benefit five different individuals. Individual Individual Benefit ($) Individual Cost ($) 1 4,500 6,000 2 18,500 15,000 3 19,000 17,000 4 30,000 24,000 5 29,000 30,000 Does this project meet the Pareto efficiency improvement criterion? If possible, revise the cost shares to allow the project to meet the Pareto criterion and to pass a referendum. please use excel with formulasWhich of the following statements is not one of the four fundamental principles of engineering economics?(a) Receiving a dollar today is worth more than a dollar received in the future.(b) To expect a higher return on investment, you need to tnke a higher risk.(c) Marginal revenue must exceed marginal cost to justify any production.(d) When you are comparing different alternatives. you must not focus only differences in alternatives.
- Which of the following statements defines the discipline of engineering economics most closely?(a) Economic decisions made by engineers.(b) Economic decisions related to financial assets.(c) Economic decisions primarily for real assets and services from engineeringprojects.(d) Any economic decision related to the time value of money.Which one is corect? An understanding of the underlying behavior of costs helps in all of the following EXCEPT: sales volume can be better estimated process inefficiencies can be better identified and as a result improved true costs can be better evaluated costs can be better estimated as volume expands and contractsOf two optional actions, the sum of the numbers that measure the costs and the benefits that would result from your choosing either option is referred to as the __________ good. Group of answer choices sum total quantitative aggregate cost–benefit
- Which of the FF. statements is correct. A. Even if a company has adopted the best technology possible, it will not be able to meet the target of minimizing the costs of production nor meet the target output if the workers inside the company do not value team work and the workers envy each other. B. the output produced by the company is limited by the available technology C. new technologies will be adopted in place of the old technologies if the new technologies can produce the output at a lower cost D. all are correct E. none is correctIn which way(s) is Sen’s (1970) impossibility theorem of project choice superior or inferior to the conventional Cost-Benefit Analysis principles of project choice based on the Hicks-Kaldor compensation test. Following the discovery and production of oil in commercial quantities in Ghana, the government of Ghana in collaboration with other stakeholders in the oil industry endeavors to establish a fertilizer production plant in Takoradi to take advantage of the by-product from crude oil production. As a potential Cost Benefit Analyst, list all the possible benefits and costs associated with the fertilizer plant project; direct, indirect, tangible and intangible, pecuniary and non-pecuniary.Which delivery system would you choose for each of the following 5 scenarios (AND WHY), if the item listed was the main driver or characteristic of the project? a. SPEED: A pharmaceutical company needs to get their product out to the market quick. They must complete their production facility project fast. b. COMPLEX: This project is extremely intricate and requires installation of precise instruments and equipment and has very tight construction tolerances. c. COST: There is no way to find more money, you must control the cost. d. INEXPERIENCED OWNER: This owner is a group of doctors who want to build an office complex. This is their first project and possibly their last. Additionally, they’re not really sure the exact scope of the project at first. e. EXPERIENCED, “HANDS-ON” OWNER: This owner is Walmart. They have built countless stores around the world. They have in-house engineering capability and are extremely familiar with the construction process.
- The primary costs to be accounted for in health care projects include all of the following except: Medical care, follow-up and administration. Treatment damages (side effects). Reductions in future medical costs. Time and pain of patient and family. Provider time and inconvenience.Is it possible or even desirable for strategic planning for project management to include ways to improve cooperation and working relationships, or is this beyond the scope of strategic planning for project management?Which statement(s) is (are) TRUE in the context of urban development? Group of answer choices The per capita environmental footprint (impact) of living in ‘high density’ areas is typically higher than living in ‘low density’ areas when all the infrastructure (electricity networks, water, gas, road, etc) are considered. Transportation subsidies may promote higher than optimal commuting distances. Public transport subsidies are an effective way to tackle urban sprawl. The key reason for imposing developer charges (or development impact fees) is to offset the environmental impact costs of the development.