Q: major tools used for industrial analysis?
A: Industry analysis is a market assessment tool used by businesses and analysts to understand the…
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A: In the production process, inputs are used to produce the final output. Costs of production are the…
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,…
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A: Fixed costs are the costs that do not change with the change in quantity while variable costs are…
Q: If the input is fixed, the goal is to (minimize or maximize) the present worth of benefits.
A: Every firms decides to get a positive return on the expenses incurred by it on the production of…
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Q: During short period, diminishing returns may follow because
A: To find : What results in following diminishing results.
Q: The authors mention in a few places in the chapter that benefits are overestimated while costs tend…
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Q: In your own words, describe the life-cycle cost concept. Why is the potential for achieving…
A: Life cycle cost LCC is an analysis that is used in selecting the alternatives which impacts both…
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…
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A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…
Q: What are the effects of cost reduction ?
A: Answer - Cost of Reduction - Cost of reduction is method to increase productivity and reduce the…
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A: In a market, a firm faces different types of costs when making an investment and production…
Q: A drugstore sells 30 bottles of antibiotics per week. Each time it orders antibiotics, there is a…
A: Given: A drugstore sells= 30 bottles of antibiotics per week There is a fixed ordering cost of =…
Q: Another term for incremental costs?
A: A producing agent incurs costs on the procurement of factors of production such as raw materials,…
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: How can we determine the Cost Basis?
A: Calculation of the cost basis of an investment shows the capital gain or loss on it. It indicates…
Q: If the marginal cost is MC = 30'- +10, the fixed costs are 1, then the total cost TC= (A) Q'-e+100+5…
A: Given MC = Fixed costs = 1
Q: The number of units that minimizes the average cost is
A: The average cost is the cost computed by diving the total cost of production by the total quantity.
Q: On which factors does total cost for heating or air conditioning a building depends?
A: The sum of all the costs of producing a certain level of output incurred by a company is known as…
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A: Inflation means the rise in the price level of goods and services over a period of time. It is the…
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: What is a cost reduction?
A: Cost reduction is a procedure which is used by companies to reduce cost and increase their profits.…
Q: How can we Evaluate a Single Project?
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Q: asap..i'll rate
A: *Answer: Option a. Educate is the correct Answer. *Explanation: providing valuable information to…
Q: Rising per-unit production costs are most: Multiple Choice
A: A rise in the per-unit cost of production suggests that it will affect the supply adversely. The…
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: Need answers ASAP... Which of these costs is considered as the most important cost because if it is…
A: The firm produces goods and services and incurs cost including fixed cost and the variable cost.The…
Q: How do you figure out opertunity cost?
A: Opportunity cost refers to the cost of the next best alternative that is foregone.
Q: In what way do you think can we realize our income and control our cost, following the procurement…
A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. if…
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: 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: True or false: a change in fixed costs will change marginal cost. a.True b.False
A: cost of production refers to the monetary value incurred in the process of production and cost is…
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: Most manufacturing companies divide manufacturing costs into which three broad categories?
A: Manufacturing cost can be defined as the sum total of all the cost of resources which are used in…
Q: he time to assemble the first unit on a production line is 11 hours. The learning rate is 0.86.…
A: Given: First Unit (T₁) = 11 We need to find T5 (fifth unit). Formula for the learning curve would be…
Q: True or false: a change in fixed costs will change average total cost. a.True b.False
A: The measure that depicts the expenses that are incurred for carrying day-to-day expenses of the…
Q: List some practical limits to economies of scale; that is, when should a plant stop growing?
A: Economy of scale is the improvement that a company acquires from the size or scale of manufacturing.
Q: Give an example of the Equivalent Annual Operating Cost?
A: Equivalent Annual operating cost is an annual cost of operating cost.
Q: Describe the unit-of-production method?
A: Answer - Unit of Production method - It is method which help to calculate depreciation of value of…
Q: The curve connecting cost minimization levels of output is : a always a straight line b typically…
A: Cost Minimization Level:The cost minimization level is the level at which the producer uses the mix…
Q: contribution margin per unit. b. deciding whether fixed costs would change as a result of the…
A: When several products are sold by a company, the management will be interested in finding out…
Q: A person who keeps projects on-time and within-budget is called the _____________.
A: A project refers to a series of tasks, or steps which have to completed in order to reach an…
Is the cost of the final product proportionate to its usefulness?
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- What are their implications for cost and return?Marginal cost is a. Any cost occurring after “time now” b. The ratio of total cost to total quantity of output c. The market value of an asset at the end of its life less its disposal costs d. The incremental cost of producing one more unit of output.Solve it early and correctly but not in excel work now
- One fitness club charges a $10 promo sign-up fee and $15 per month. Another club charges a $25 promo signup fee and $10 per month. For what number of months is the cost of the clubs equal?Someday, if you want to be an economist or to study more about economic analysis, what platform you will implement to sustain the development of cost estimating fundamentals?True or False The average total cost cannot equal marginal cost.
