Why are the economic engineers required to consider whether a company should buy equipment to perform an operation now or should be done manually?

Q: major tools used for industrial analysis?

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

Q: The yariablecosts incured by the business in the curent period per unit of output is: (aDThe average…

A: Marginal input cost (MIC) is the cost of using an additional unit of variable input; restated, it is…

Q: rehouse cost is ?$7 times the maximum nun pooks stored. Assuming 4900 copies of the ok are needed…

A: Here, we calculate the order quantity of book in each print run by the following method given below…

Q: Sank ndonesia 930

A: Budget constraint represents all the combination of goods baskets that a person can purchase within…

Q: What is the effect on the average cycle inventory and pipeline inventory of a distribution center?…

A: Given - average quantity of inventory shipped = 350 units Average weekly demand = 50 units Unit…

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: List the four principles of engineering economics?

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

Q: Paul owns and operates his own business. To keep up with new technology, he spends $3,000 per year…

A: Here, it is given that Paul left his job with a salary of $100,000 per year to start his business…

Q: Engineers are called upon to participate in a variety of decision-making processes. What are they?

A: Decision making is a cognitive process of choosing a course of action, a tangible item for…

Q: Eustace H. Hogan has been an employee of Major Drilling for the last two years. He uses an office in…

A: Employment Income is defined as the income which consists of wages, salary, allowances, pension,…

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: What is the difference between economic costs and accounting costs? Explain it in your own words and…

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: What are the two types of manufacturing systems to produceits shaft couplings?

A: A manufacturing system can be described as a combination of machinery, humans, and equipment bound…

Q: What enconomic changes happened because of the hurricanes that began in 1893?

A: Because of hurricane of 1893,lot of agricultural crops were destroyed due to which after that lit of…

Q: A business generates $10,000 per year for 10 years starting year 2. At i = 10% per year, how much…

A: In economics, the present value refers to the current value of a future stream of cash flow. Net…

Q: The MC of the 30th unit is $200. True or False?

A: Marginal Cost (MC): - it is the additional cost incurred due to the production of additional units…

Q: What is engineering economi

A: Economy refers to  an area where production ,consumption and distribution activities are done. The…

Q: A friend of yours has been thinking about quitting her regular day job and going into business for…

A: The opportunity cost is the value that could have been derived from the decision forgone. When…

Q: How do the Modified Accelerated Cost Recovery System (MACRS) givetaxpayers a break?

A: The Modified Accelerated Cost Recovery System (MACRS) is a method used to determine the depreciation…

Q: Cassie's Quilts alters, reconstructs and restores heirloom quilts. Cassie has just spent…

A: Money spent by Cassie to purchase/clean/restructure quilt = $800 Expected Price at which Cassie…

Q: Y=700 ;C=625; I=100 AE=? solve for AE?

A: As per Keynesian cross model, the economy is in equilibrium when aggregate expenditure is equal to…

Q: A company produces 7040 Units of its product and sold it for $1.10 per unit. To produce these…

A: Answer: Given, Total prouduction= 7040 units Selling price= $1.10 per unit Cost of labor= $1,000…

Q: A friend of yours bought a small apartment building for $100,000 in a college town. She spent…

A: Since the question has more number of sub-parts, I am answering the first three sub-parts. If you…

Q: What do engineering economic decisions refer to?

A: Engineering Economics is a subject that engineers should be well-versed in. This topic explains why…

Q: You run a business selling used hand tools. The rent on your building is $1400/month. Utilities…

A: The average selling price (ASP) is a term that refers to the average price a good or service is sold…

Q: business incurs the following costs per unit: Labor $125/unit; Materials $45/unit and rent…

A: Total variable cost is the aggregate amount of all variable costs associated with the cost of goods…

Q: With that money, you are going to buy a new 3D printer. You estimate that you will print 10,000…

A: Requirement = 10,000 watches per year Time Period of machines (N) = 8 years

Q: Why do you need to learn engineering economy?

A: Engineering economics is a part of economics that is applied in various engineering projects. It is…

Q: Many Eonorry the producti fUncton is y-KL Derive SS levd of output per ond capital per worker?

A: we have Y=KαL1-α here let savings rate =s and depreciation rate =d so, Per worker production…

Q: Process A has fixed costs of $10,000 and unit costs of $4.50 each, and Process B has fixed costs of…

A: Costs are the expenses that firms incur in the production of goods and services. A firm’s total…

Q: Design a process chart for printing a short documenton a laser printer at an office. Unknown to you,…

A: given data   Design a process chart for printing a short documenton a laser printer at an office.…

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: 41. was completed on April 11, 193 New York. The multipurpose office tower is also one of New York…

A: Environment refers to the nature or atmosphere that is present everywhere. The better the…

Q: Why we need to learn engineering economy?

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

Q: How much overhead was applied during the year? I A. $231,000 B. $150,000 C. $166,000

A: The labor marketplace is a type of marketplace structure wherein the trade of labor services for…

Q: Give an example of the Equivalent Annual Operating Cost?

A: Equivalent Annual operating cost is an annual cost of operating cost.

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: _______  refers to the cost which was spent but cannot be recovered anymore.

A: In simple terms, cost is the money expenditure incurred in order to produce something. For instance,…

Q: Plan A (Depreciation 3422 ; total anual cost 23922) Plan B (Depreciation 4277 ; total anual cost…

A: The financial worth of a resource diminishes over the long haul because of utilization, mileage, or…

Q: The total cost of manufacturing three types of motor cars are given in the following table: Labour…

A: Total cost can be defined as the money expense incurred in the production of a good or service which…

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: The Accreditation Board for Engineering and Technology states that “engineering is the profession in…

A: Engineering economy is a subset of economics specifically designed for use in engineering projects.…

Q: When the output level is 100 units, what is the total cost of production.  A. $2000 B. $20 C.…

A: Cost of production refers to the total cost incurred by a business to produce a specific quantity of…

Q: You decide to buy a car. The following are some questions you have to answer with respect to your…

A: Engineering economics is an assortment of procedures for quantitative examination to choose the best…

Q: A firm wishes to determine the efficiency and utilization of a work center composedof 5 machines…

A: The work center has 5 machines that work 16 hours per day and 5 days a week Available hours for a…

Q: .Accounting costs and explicit costs are the same. a. True b. False

A: # Explicit cost are a part of company's general ledger and such costs are always recorded for…