Another term for incremental costs?

Q: major tools used for industrial analysis?

A: Industry analysis is a market assessment tool used by businesses and analysts to understand the…

Q: Describe the Fundamental Principles in Engineering Economics?

A: Engineering economics uses economic procedures for the purpose of designing evaluation and other…

Q: Describe the Rate-of-Return Analysis?

A: The percentage total return indicates the overall performance and effectiveness of the amount…

Q: What is a project?  (speaking of economic engineering

A: A project (or programmed) is any individual or group effort, sometimes involving research or design,…

Q: what is cost and revenue analysis?

A: Cost refers to the money payment made to the factors of production which are involved in the…

Q: In the LNG business value chain, which of the processes is the most significant cost unit a.…

A: The business value chain starts with the natural gas exploration and production, and in turn…

Q: What are the Non-manufacturing Costs?

A: The cost incurred outside the factory or department of production is known as the non-manufacturing…

Q: Define the negative cash flow?

A: During a specific time, the business makes more expenses than its actual earning is known as the…

Q: The authors mention in a few places in the chapter that benefits are overestimated while costs tend…

A: The benefits and costs are overestimated and underestimated respectively and show the tendency of…

Q: What does the term engineering economic decision refer to?

A: Economics is a social science that studies the process of production, distribution and consumption…

Q: Write a summary of the fundamental Principles in Engineering Economics?

A: Principle 1: A close by penny is worth a distant dollar A fundamental concept in engineering…

Q: What are the three things that must be known to compute costs

A: Cost, in simple words refers to the value of goods and and services purchased by the consumers and…

Q: Past costs not relevant to decisions because they cannot be changed no matter what actions are…

A: In a market, a firm faces different types of costs when making an investment and production…

Q: A cost that is non-recoverable, such as the time and fuel costs spent driving to a ski area when…

A: Costs can be categorized into various types: implicit, explicit, sunk, accounting etc. out of…

Q: Define the term incremental costs?

A: Incremental costs include the total cost for producing one more unit of the output.It is the extra…

Q: Marc is paid on a graduated commission scale. For the first $10,000 of sales his commission is…

A: There are various schemes being offered by various organisations in order to increase the sale…

Q: Why are benefit cost ratios inappropriate for evaluating alternative projects?

A: In cost benefit analysis, the overall relationship with the benefits as opposed to the costs are…

Q: Define the term the cost of capital?

A: The cost of capital is a very important term for the term for investors and a company which is the…

Q: A large shipping compony has' demarcated funds for the following planned expenditures: • €30 million…

A: (2) Here, The investment done for new storage space in munich    = € 30 million investment on…

Q: How can we determine the Company's Cost of Capital?

A: In economics, the cost of capital of a firm is the cost of the funds available to the company…

Q: Marginal cost is a. Any cost occurring after “time now” b. The ratio of total cost to total quantity…

A: Marginal cost explains the additional cost to the firm for producing one more additional good.  In…

Q: What does the Cost basis generally include?

A: In engineering economics, the cost basis of an asset represents the total cost of an asset that…

Q: Which of the four characteristics of general purpose technologies have the least impact on…

A: In economics, a general purpose technology can be considered bas more beneficial than the technology…

Q: Can Please Help Me: Engineering Economics/Civil Engineering 60 minutes only the given time. Wish…

A: Let us assume that n=2 Now, PV=P FV=2P  We know, FV = PV*(1+r)^n 2P = P*(1+r)^2 2 = (1+r)^2 r =…

Q: How can we Evaluate a Single Project?

A: There are four methods to evaluate single project: The Present worth (PW) method The annual worth…

Q: asap..i'll rate

A: *Answer:  Option a. Educate is the correct Answer. *Explanation: providing valuable information to…

Q: What are the Fundamental Principles in Engineering Economics?

A: Engineering economics uses economic procedures for the purpose of designing evaluation and other…

Q: Time left Generalizability refers to O a. to the scope of applicability of the research findings in…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: List the fundamental Principles in Engineering Economics?

A: Engineering economic decisions refer to the analysis of all the investment decisions related to…

Q: The fact that one should not add or subtract money unless it occurs at the same point in time is an…

A: People tend to make decisions based on the profits which the see they would be making in the future,…

Q: Much of the unlicensed alternative software independent machinery repair shops buy comes from OA.…

A: the correct answer is: A.Ukraine

Q: what specific cost is the normal rate of return to a company?

A: Total fixed cost is the cost that is fixed and remains the same over a period of time. The total…

Q: How do you figure out opertunity cost?

A: Opportunity cost refers to the cost of the next best alternative that is foregone.

Q: The most difficult method of budgeting is... Objective and task Competitive parity Affordable…

A: Budgeting refers to the action of an individual when he makes a plan to record the estimate revenue…

Q: How can we obtain Incremental Cash Flows from Undertaking a Project?

A: Incremental cash flows are the net extra cash flows made by a corporation by undertaking a project.…

Q: Why we need to learn engineering economy?

A: Engineering economics helps in learning the importance o mathematical tools in decision making. It…

Q: what tools and techniques are available for economic engineers to improve a firm's profits?

A: There are many tools and techniques available which is used by the engineers to improve firm's…

Q: Using the TQM tools in a real-world setting, document your observations and conclusions.

A: Any company or functioning body can gain benefits by properly applying the structured strategies and…

Q: Describe the Trial and Error Process?

A: Answer - Trial and Error Process - This is problem solving method under this individual use multiple…

Q: why is the working capital productivity in an electronics firm an important factor?

A: When  a product or a merchandise is manufactured, cost  takes place and process of business follow…

Q: Define the term the implicit "do-nothing" alternative?

A: Sometimes (but not always) the do-nothing alternative is a hidden option when making choices.

Q: Create a table and indicate whether the following costs are fixed costs or variable costs if the…

A: In any given period, fixed costs are consistent. Variable costs vary depending on how much output is…

Q: Is the cost of the final product proportionate to its usefulness?

A: Cost is the value of money which has been used up for producing something or delivering a service…

Q: . The average total cost pf producing 50 units is Rs.250 and total fixed cost is Rs.1000. What is…

A: To find:  The average total cost pf producing 50 units is Rs.250 and total fixed cost is Rs.1000.…