Q: Describe the Fundamental Principles in Engineering Economics?
A: Engineering economics uses economic procedures for the purpose of designing evaluation and other…
Q: e ore of a gold nine in the Mo ntains, on the average, 0.5 gram of gold per tor thod A of processing…
A: The net value or net profit is the difference between the total profit and the total cost.
Q: A mill producing steel plate has fixed costs of $100,000 per week and variable costs of $0.15 per…
A: Variable costs vary based on the amount of output produced. Variable costs may include labor,…
Q: A paint manufacturing company uses a sand mill for fine grinding of paint witn an output of 100…
A: The profit is the difference between the total revenues earned from the sale of product and the…
Q: The main tool for managing the project scope, as described in PMBOK, is the O project charter O…
A: The phase of project planning known as project scope entails identifying and recording a list of the…
Q: Define the term engineering economic decisions?
A: Engineering economics is the Application of economic principle in the analysis of decision making in…
Q: In decision making process, the most important role of engineering economist is to define feasible…
A: Engineering economist: Engineering economist systematically evaluates the benefits and all the cost…
Q: ABS engineering decided to build and new factory to produce electrical parts for computer…
A: Fixed Cost is the cost for any firm or business that is fixed in nature and can not increases or…
Q: n building their plant, the officers of the international leather company had the choice between…
A: Computation:
Q: List the four principles of engineering economics?
A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…
Q: What effective steps should be taken by Engineers that will enable the firm todesign and manufacture…
A: Economizing can be referred something that can be done in less time and money. It differs from work…
Q: What does the term engineering economic decision refer to in all investment decisions relating to an…
A: According to the engineering economic decision, all the investment decisions are related to…
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: Past costs (or sunk costs) are irrelevant in engineering economic analysis, unless they impact…
A: Past costs or the sunk costs are the costs that are borne by the firm in the current year and have…
Q: A labor crew for placing concrete consist of one labor foreman at $26.70 per hour, one cement…
A:
Q: Chemical processing corporation is considering three methods to dispose of a non- hazardous chemical…
A: Three methods which are given to dispose non-hazardous chemical sludge are:- Land application(…
Q: In break-even analysis, the vari per A path through a project network must reach every node.
A: Break-even analysis is the process of estimating and assessing a company's margin of safety based on…
Q: A student's course grade is based on one midterm that counts as 20% of his final grade, one class…
A: The way to deal with settle this inquiry is to understand that the imprints must be changed over…
Q: In building their plant, the officers of the International Leather Company had the choice between…
A: Present value (PV), is the value of a normal still up in the air as of the date of valuation.
Q: On the break-even chart, the _______ axis represents the total cost of each of the alternatives.
A: The economics as a study is based upon the idea that the resources which are present with the…
Q: What are some examples of "cash cost" in Engineering Economics?
A: Introduction Cash cost is based on the cost concept. It refers to the expenses paid in cash form and…
Q: There are a variety of costs to be considered in an engineering economic analysis. These costs are…
A: Disclaimer :- As you posted multiple questions we are supposed to solve only the first one. The…
Q: onsider a manufacturing setting with three cost and price factors: Total Fixed cost: 60,000.00 Php…
A: Total fixed cost = 60,000 Variable cost per unit = 750 Selling price per unit = 2,000
Q: In Benefit/cost ratio analysis, if the salvage value is used to recover the first cost, it is being…
A: Answer - Given in the question- In Benefit/cost ratio analysis, if salavage value is used to recover…
Q: An engineering student has only 45 minutes before the final exam in her Engineering Economy class.…
A: The cost-efficient ratio can be calculated as follows.
Q: As an engineering student, when you look for an apartment, what economic criteria consistent with…
A: Engineering economics is a branch of economics that deals with the application and usage of economic…
Q: Of the following words, the one not related to ethics is: (a) Virtuous (b) Honest (c) Lucrative (d)…
A: From the given following, the work lucrative is not related to ethics. In general, the word…
Q: How is identifying and estimating relevant project cash flows perhaps the most challenging aspect of…
A: Cash flow is the inflow and outflow of cash or cash equivalents, and marketable securities in a…
Q: Evaluation of an engineering project involves the following constraints O a. financial,…
A: Option a is correct.
Q: Describe the four principles of engineering economics?
A: Principle 1: A close by penny is worth a distant dollar A fundamental concept in engineering…
Q: In engineering economics, the term cost is used in many ways. What are they?
A: Engineering Economics helps in the study of economic principles and its application from a…
Q: The following information relates to the operations of a company; cost per unit from supplier-…
A: Break even quantity is the number of extra units that a firm needs to sell to cover its investment…
Q: How is an engineering economic decision is more complex andmore significant to the company?
A: Engineering economics is a branch of economics dealing with the use and application of economic…
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: engineering economy question.
A:
Q: List the fundamental Principles in Engineering Economics?
A: Engineering economic decisions refer to the analysis of all the investment decisions related to…
Q: Why Fundamentals of Engineering Economics?
A: Fundamentals of Engineering economics highlights how important economics is in engineering and how…
Q: Consider the same firm from the end of week quiz with the following TVC schedule and a fixed cost of…
A: The short-run aggregate supply bend is a vertical incline. The short-run is the point at which all…
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: A motor company invests in a new transmission lubricant that increases fuel mileage by 10% and…
A: The cost study and evaluation of systems, products, and services is what the engineering economy is…
Q: The ARA Railroad owns a piece of land along one of its right-of-ways. The land originally cost ARA…
A:
Q: It refers to the number of years that the original capital investment for the project will take to…
A: Profitability index(PI) is the ratio of PV(present value) of future cash flows which are expected…
Q: A man was offered a bank certificate with a face value of P100,000 which is baring interest of 8%…
A: Given: The face value is = P100,000 The interest rate is = 8% payable semi-annually Years = 6 The…
Q: The sales mix percentages for Guillen's Chicago and Charlotte Divisions are 70% and 30%. The…
A: To calculate the break-even point in terms of dollar value, the break-even sales are multiplied by…
Q: Q1. Explain the steps involved in decision making process of engineering economics problems. (CLO2,…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The fixed cost element for the firm is a. $11,250 b. $10,250 c. $12.250
A: Mixed costs have a nature of fixed costs as well as variable costs. They have a certain fixed…
Q: Q2/2 Derive the average cost function from :TC = 20 + 10GQ + %3D
A: Answer; Total Cost TC = 20 + 10Q + Q2/2 Average cost is the total cost per unit quantity…
Q: YOUR QUESTION IS: 2. Three mutually exclusive design alternatives are being considered. The…
A: GIVEN Three mutually exclusive design alternatives are being considered. The estimated sales and…
Q: The decision analysis is
A: Decision analysis is one of the very important part of decision making process.
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- Two alternatives, identified as X and Y, are evaluated using the B/C method. Alternative Y has a higher total cost than X. If the B/C ratios are 1.2 and 1.0 for alternatives X and Y, respectively, which alternative should be selected? WhyAs part of the rehabilitation of the downtown area of a southern U.S. city, the Parks and Recreation Department expects to develop the space below several overpasses into basketball, handball, miniature golf, and tennis courts. The estimates are: initial cost of $190,000, life of 20 years, and annual M&O costs of $21,000. The department expects 20,000 people per year to use the facilities an average of 2 hours each. The value of the recreation has been conservatively set at $1.00 per hour. At a discount rate of 6% per year, what is the B/C ratio for the project?Furniture, Inc., sells lamps for $30. The unit variable cost per lamp is $22. Fixed costs total $9,600. A) What is the contribution margin per lamp? B)What is the breakeven point in lamps? C) How many lamps must be sold to earn a pretax income of $8,000? D)What is the margin of safety, assuming 1,500 lamps are sold?
- An engineering student has only 45 minutes before the final exam in her Engineering Economy class. She needs help in understanding cost-effectiveness analysis because she knows from the instructor’s review session that a CEA problem will be on the exam. There is time for using only one method of assistance before the exam; she must select well. In a rapid process of estimation, she determines how many minutes it would take for each method of assistance and how many points it might gain for her on the final. The method and estimates follow. Where should she seek help to be most effective? Assistance from Minutes for Assistance Points Gained Teaching assistant (TA) 15 20 Slides on web 20 10 Friend in class 10 5 Instructor 20 15Select best answer, four mutually exclusive cost alternatives been evaluated by the AW which one should be selected: A- $13,562 per year B- $15,002 per year C- $17,322 per year D- $12,000 per yearA city government is considering two types of town-clump sanitary systems. Design A requires an initial outlay of $400.000 with annual operating and maintenance costs of $50.000 for the next 15 years: design B calls for an investment of $300.000 with annual operating and maintenance coSIS of $80,000 per year for the next 15 years. Fee collections from the residents would be $85.000 per year. The interest rate is 8%. and no salvage value is associated with either system.(a) By the benefit-cost ratio (BC(i)), which system should be selected?(b) If a new design (design C). which requires an initial outlay of $350,000 and annual operating and maintenance costs of $65,000, is proposed, would your answer to (a) change?
- The following estimates (in $1000 units) have been developed for a security system upgrade at Chicago’s O’Hare Airport. (a) Calculate the conventional B/C ratio at a discount rate of 10% per year. Is the project justified? (b) Determine the minimum first cost that is possible to render the project just economically unjustified. Item Cash Flow First cost, $ 13,000 AW of benefits, $ per year 3,800 FW of disbenefits, year 20, $ 6,750 M&O costs, $ per year 400 Life, years 20A PAM partner company won a tender to provide clean water distribution facilities in an area that is being developed as a tourist area. There are 2 alternatives that can be taken in implementing the project. The first alternative requires construction and installation costs of IDR 10 million per kilometer with maintenance costs of IDR 0.35 million per kilometer per year. The remaining value is estimated at IDR 1 million per kilometer at the end of the 20th year. The second alternative requires construction and installation costs of IDR 7 million per kilometer with maintenance costs of IDR 0.40 million per kilometer per year. The remaining value is estimated at IDR 1.2 million per kilometer at the end of the 20th year. If the company chooses the first alternative, the length of the pipe that must be installed is 10 kilometers, and if the second alternative the length of the cable is 16 kilometers. Determine which alternative is more efficient using MARR = 11%!The marginal damage cost equation for carbon monoxide (CO) in urban areas is: MDCU = 36E; The marginal damage cost equation for CO in rural areas is: MDCR = 6E.The marginal abatement cost equation for CO is: MAC = 400 - 4E What is the total compliance cost under this scheme?
- Three attributes are first cost, safety, and environmental concerns. Assigned importance scores are 100, 75, and 50, respectively. The weight for environmental concerns is closest to: (a) 0.44 (b) 0.33 (c) 0.22 (d) 0.11Cost benefit analysis allows a business owner to identify the investment alternative with the highest return. True FalseA construction company has to sell at least 30 and 50 from type of equipment E1 and E2. respectively. The company has 270 hours monthly workmanship totally. E1 requires 1 hours workmanship and E2 does 3 hours. The benefits from E1 and E2 are 200 and 300 TL respectively. Find the economic numbers for E1 and E2 for the maximum benefit.