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

Q: A large electric utility company spews 59 million tons of greenhouse gases (mostly carbon dioxide)…

A: The costs incurred by a firm can be classified as implicit costs and explicit costs. Implicit costs…

Q: Describe the Fundamental Principles in Engineering Economics?

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

Q: true or false The AFC curve approaches zero because of the diminishing marginal cost.

A: Fixed costs refers to those costs undertaken by the firm at the time of setting up of the business,…

Q: All of the following are examples of noneconomic factors except: (a) Availability of resources (b)…

A: The factors that affect the production and consumption decisions in an economy are called as…

Q: The cost of any activity measured in terms of the vaule of the next best alternative forgone is…

A: When someone chooses any activity and leaves other, the value in terms of cost of the best option…

Q: What model of opportunity was this venture following and what was creative and innovative about…

A: 1) In this case, the model of chance they used was the Alertness model of the market chance wherever…

Q: The owner shop is contemlating adding anew product which will require additional mouthly payment of…

A: The breakeven point is the level of production at which the costs of production equal the revenues…

Q: The government should also consider an unconditional cash transfer program for an initial period of…

A: In this question the government is considering cash benefit to the people at the bottom of the…

Q: Based on graphical representation, select the best answer from the choices beloW. All input bundles…

A: A budget line shows various combinations of two goods a consumer can purchase by spending all income…

Q: Match the concepts in Column A to the definitions in Column B

A: The macroeconomic concepts that deals with determination of the growth rate in an economy in a…

Q: Describe the types of Strategic Engineering Economic Decisions?

A: The types of strategic engineering economics decision in the manufacturing sectors are: New Product…

Q: Rex Carr could pay $10 for a shovel that lasts one year and pay $5 a car to his brother Scoop to…

A: here we calculate the given by following method as follow;

Q: SCENARIO: Investors put up $520,000 to construct a building and purchase all equipment for a new…

A: Given, Investment= $520,000 The minimum return on the investment = r= 10% of total investment The…

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: 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: Though they tend to be cost and time overruns; costless and inexpensive to the tax payers,…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: Organizers of an Internet training session will charge participants $200 to attend. It costs $3000…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: A plant manager considers the operational cost per hour of five machine alternatives. The cost per…

A: The problem at hand falls within the topic of probabilistic decision-making. EMV stands for…

Q: Time Required per Student Step Description Unpack and place on belt 1.0 minute Strip off bad habits…

A: Average productivity is total productivity divided by total number of workers. Marginal productivity…

Q: Focus on the difference between feasible alternatives (Principle 2) Insulated concrete forms (ICF)…

A: Cost of construction of a conventional wood frame house :$130 per sqft.Total Carpet area of house =…

Q: All input bundles yielding y' units of output is cheapest at the point colored in green

A: An indifference curve refers to the combination of two goods that gives the same level of…

Q: The IT department allocates indirect costs to user departments on the basis of CPU time at the rate…

A: Indirect cot (IC) is $2,000 per second. First department usage (FD) is 900 seconds. Second…

Q: An understanding of the underlying behavior of costs helps in all of the following EXCEPT:…

A: Any firm has to incur costs when undertaking the production of a commodity or a service. The costs…

Q: What evaluation criterion is used in economic analysis?

A: In economic analysis, while judging the viability of a project or while making any investments…

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: Define the term two-phase method?

A: In Two-Phase Method, the entire system of taking care of a straight programming issue (LPP)…

Q: What are some examples of "book cost" in Engineering Economics?

A: The expenses that are incurred for carrying out day-to-day transactions of a business are known as…

Q: Q1 represent the a Continuos Assessment Question As part of the Decision Making process, identifying…

A: Identifying a decision, acquiring information, and evaluating possible remedies are all steps in the…

Q: 1. An industrial engineer has designed 2 alternative methods for accomplishing a production job.…

A: To judge whether a method of production is relatively economical or not we find the productivity of…

Q: Explain at least five disadvantages of utilising the direct approach of solution in numerical…

A: Numerical analysis is a branch of mathematics and computer science concerned with developing,…

Q: yst, list

A: The use of the compensation principle in cost-benefit analysis as a means of separation of the…

Q: Describe the process of Capital-Expenditure Decisions made by an economic engineer?

A: Capital-Expenditure Decisions are the decisions that are made regarding long term planned…

Q: average variable cost (AVC) of the following equation: C = 10 + 10q – 4q2 + q3

A: The cost function comprises of two parts- fixed costs and variable costs. The fixed costs remain the…

Q: AT the profit maximizing level of input use, which of the follow ng are true a. MVP =0 O MVP = MIC…

A: MVP is the value of additional output in resulting from the use of one more unit of variable input…

Q: Student tuition at Boehring University is $180 per semester credit hour. The state supplements…

A: In economics, productivity refers to the quantity of output produced per unit input. Productivity is…

Q: A seasonal bus tour firm has 5 buses with a capacity of 60 people each. Each customer pays $25 for a…

A: Fixed costs =$360000; Variable costs =$5 per customer. Optimal Capactiy = 60*5 = 300 per day Average…

Q: How is the benefit-cost analysis an important feature of the economic analysis method?

A: Economic analysis refers to a systematic approach in which optimal scarce resources are determined…

Q: A police department wants to allocate the indirect cost of speed monitoring to the three toll roads…

A: The police department wants to allocate the cost to the three different toll roads because it wants…

Q: Assume you must choose between two mutually exclusive alternatives: A or B. The explicit benefit you…

A: Given,  Alternative  A $80  Alternative B  $120

Q: Luke used regression analysis to fit quadratic relations to monthly revenue, TR, and total cost, TC,…

A: Total cost is the total consumption caused on the elements and non-figure inputs the development of…

Q: A county govemment has constructed a small dam across a local river in order to control flooding and…

A: A Benefit Cost Ratio (BCR) is defined as an indicator which portrays the relationship between the…

Q: what is yolo county's location quotient in technology for the month of april 2021?

A: Location Quotient is used to compare the employment status between two area and industries. It is…

Q: ISR (intelligence, Surveillance & Reconnaissance) is performed by fixed-wing aircraft (still Auroran…

A: