Which of the following would be considered noneconomic factors in deciding which type of power plant to build: (a) equipment cost; (b) morale; (c) goodwill; (d) salvage value; (e) public acceptance; and (f) aesthetics?
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Which of the following would be considered noneconomic factors in deciding which type of power plant to build: (a) equipment cost; (b) morale; (c)
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- Are the Project Lives shorter than the analysis period?Identify the following cost elements as first-cost (FC) components or annual operating cost (AOC) components for a piece of equipment in a chemical processing plant: rent, direct labor, equipment overhaul, overhead, supplies, insurance, equipment cost, utility cost, installation, delivery charges, salaried personnel, and periodic safety training.Question 7 Cash flows occurring at different times, have to be accounted for by equivalence, using a specific interest rate at a specific number of periods. True or False. Question 8 - The breakeven volume is the quantity for which the unit cost is minimized. . True or False. Question 9 - Sunk costs must be ignored in engineering economics, as they represent money already spent, and therefore, have no consequence in decision the making process. True or False
- A company is analyzing a make-versus-purchase situation for a component used in several products, and the engineering department has developed these data: Option A: Purchase 10,000 items per year at a fixed price of $8.50 per item. The cost of placing the order is negligible according to the present cost accounting procedure. Option B: Manufacture 10,000 items per year, using available capacity in the factory. Cost estimates are direct materials = $5.00 per item and direct labor = $1.50 per item. Manufacturing overhead is allocated at 200% of direct labor (= $3.00 per item). Based on these data, should the item be purchased or manufactured?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?Two automatic systems for dispensing maps are being compared by the state highway department. The accompanying breakeven chart of the comparison of these systems (System I vs. System II) shows total yearly costs for the number of maps dispensed per year for both alternatives. Answer the following questions. (a) What is the fixed cost for System I? (b) What is the fixed cost for System II? (c) What is the variable cost per map dispensed for System I? (d) What is the variable cost per map dispensed for System II? (e) What is the breakeven point in terms of maps dispensed at which the two systems have equal annual costs? (f) For what range of annual number of maps dispensed is System I recommended? (g) For what range of annual number of maps dispensed is System II recommended? (h) At 3000 maps per year, what are the marginal and average map costs for each system?
- Canadian oil company is considering whether or not to develop a site it has been exploring for the past six months. One of the arguments for developing the site is that considerable time and money have already been expended. This cost should not be included in the capital budgeting decision because it is: Unsure A.sunk cost B.An agency cost C.An operating cost D.A financing cost E.An opportunity costWhen considering two alternatives that are described only in terms of the cost of ownership, the breakeven point cannot be described by which of the following statements? (a) The difference in initial cost between the two alternatives. (b) The level of production (or activity) of each alternative under consideration is equivalent. (c) Fixed plus variable costs of each alternative are equivalent. (d) A rational decision maker should be indifferent between the two alternativesFrom the following 3 scenarios analyse which supplier is most economical? Rec club has received number of quotes to install an inventory system from three suppliers and they are Micros, IT solutions and Gold coast IT. Calculate how much each supplier will cost per year and determine who is Micros has provided a quote for $100,000. System will last for 10 years. They provide free maintenance services. They provide technical support for a cost of $ 10,000 per year. Relevant hardware and software costs and licensing is included in the IT solutions has provided a quote for $80,000. System will last for 10 years. They provide free maintenance services. They provide technical support for a cost of $ 7,500 per year. Relevant hardware cost $ 2500 and software cost $ 4,600 and licensing cost is $ 100 per Gold coast IT has provided a quote for $60,000. System will last for 8 years. They charge $750 per quarter for maintenance services. They provide technical support for a cost of $…
- The El Dorado Star is the only newspaper in El Dorado, New Mexico. Certainly, the Star competes with The Wall Street Journal, USA Today, and the New York Times for national news reporting, but the Star offers readers stories of local interest, such as local news, weather, high-school sporting events, and so on. The El Dorado Star faces the revenue and cost schedules shown in the spreadsheet that follows: A template for the spreadsheet is provided in the Course Materials. You may download my template or create your own. Since we are using dollars and cents, be sure to go out two decimal places on your calculations. Add columns to show, respectively, marginal cost (MC), marginal revenue (MR), and total profit. What is the total fixed cost for the El Dorado Star? Explain how you arrived at this conclusion.The El Dorado Star is the only newspaper in El Dorado, New Mexico. Certainly, the Star competes with The Wall Street Journal, USA Today, and the New York Times for national news reporting, but the Star offers readers stories of local interest, such as local news, weather, high-school sporting events, and so on. The El Dorado Star faces the revenue and cost schedules shown in the spreadsheet that follows: A template for the spreadsheet is provided in the Course Materials. You may download my template or create your own. Since we are using dollars and cents, be sure to go out two decimal places on your calculations. Add columns to show, respectively, marginal cost (MC), marginal revenue (MR), and total profit. At the price and output level you answered in the previous question, is the EI Dorado Star making the greatest possible amount of total revenue? Is this what you expected? Explain why or why not.The El Dorado Star is the only newspaper in El Dorado, New Mexico. Certainly, the Star competes with The Wall Street Journal, USA Today, and the New York Times for national news reporting, but the Star offers readers stories of local interest, such as local news, weather, high-school sporting events, and so on. The El Dorado Star faces the revenue and cost schedules shown in the spreadsheet that follows: A template for the spreadsheet is provided in the Course Materials. You may download my template or create your own. Since we are using dollars and cents, be sure to go out two decimal places on your calculations. Add columns to show, respectively, marginal cost (MC), marginal revenue (MR), and total profit. Two firms, Small and Large, compete by price. Each can choose either a low price or a high price. The following payoff table shows the profit (in thousands of dollars) each firm would earn in each of the four possible decision situations: a) Is there a dominant strategy for…