DEPARTMENT OF MECHANICAL ENGINEERING UNIVERSITY OF ABUJA Course: FEG 312, ENGINEERING ECONOMICS TEST 1, Time: 1 hour. Question 1 (10 marks) 2024/2025 SESSION INSTRUCTION: Attempt all questions. SALIB (i) List five (5) specific concepts or areas of traditional economics that are effectively utilized in Engineering Economics. 5mks (ii) State five (5) differences between economic and design decisions during Engineering practice. 5mks. Question 2 (10 marks) 5mks (i) Why should Engineers conduct Break-Even Analysis on designs, production/fabrication, installation and other related professional activities? Sketch a well labelled Break-Even Chart. (ii) Abu Sakeena Plc in Gwagwalada area in FCT, Nigeria is considering introducing a new soft drink, called Zobo Natural Juice. Based on initial analysis the following data was obtained: Fixed Costs N1,200,000 per month; Variable Costs = N 240 per product and selling price per product is N 350. As a Production Manager, what is the minimum products that must be processed to avoid running at a loss. Question 3 (10 marks) 5mks == (i) The Federal Government of Nigeria is planning to start some multibillion-naira infrastructure projects such as 8-lane Abuja-Lagos Express way, 2,000 MW natural gas fired Electricity power plant, 5 mtpa petrochemical complex and others. As an Engineer, suggest sources of funding available for aforementioned engineering projects and select the best option with reasons. (ii) Two years ago, a sum was invested in cable producing company. Now, it is worth N1,200,000. When extended for another two years, it became N14,000,000. Find the initial sum and the simple interest rate that was offered.
DEPARTMENT OF MECHANICAL ENGINEERING UNIVERSITY OF ABUJA Course: FEG 312, ENGINEERING ECONOMICS TEST 1, Time: 1 hour. Question 1 (10 marks) 2024/2025 SESSION INSTRUCTION: Attempt all questions. SALIB (i) List five (5) specific concepts or areas of traditional economics that are effectively utilized in Engineering Economics. 5mks (ii) State five (5) differences between economic and design decisions during Engineering practice. 5mks. Question 2 (10 marks) 5mks (i) Why should Engineers conduct Break-Even Analysis on designs, production/fabrication, installation and other related professional activities? Sketch a well labelled Break-Even Chart. (ii) Abu Sakeena Plc in Gwagwalada area in FCT, Nigeria is considering introducing a new soft drink, called Zobo Natural Juice. Based on initial analysis the following data was obtained: Fixed Costs N1,200,000 per month; Variable Costs = N 240 per product and selling price per product is N 350. As a Production Manager, what is the minimum products that must be processed to avoid running at a loss. Question 3 (10 marks) 5mks == (i) The Federal Government of Nigeria is planning to start some multibillion-naira infrastructure projects such as 8-lane Abuja-Lagos Express way, 2,000 MW natural gas fired Electricity power plant, 5 mtpa petrochemical complex and others. As an Engineer, suggest sources of funding available for aforementioned engineering projects and select the best option with reasons. (ii) Two years ago, a sum was invested in cable producing company. Now, it is worth N1,200,000. When extended for another two years, it became N14,000,000. Find the initial sum and the simple interest rate that was offered.
Chapter29: Service-entrance Calculations
Section: Chapter Questions
Problem 3R: a. What is the ampere rating of the circuits that are provided for the small-appliance loads? _____...
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Transcribed Image Text:DEPARTMENT OF MECHANICAL ENGINEERING UNIVERSITY OF ABUJA
Course: FEG 312, ENGINEERING ECONOMICS TEST 1,
Time: 1 hour.
Question 1 (10 marks)
2024/2025 SESSION
INSTRUCTION: Attempt all questions.
SALIB
(i) List five (5) specific concepts or areas of traditional economics that are effectively utilized in
Engineering Economics.
5mks
(ii) State five (5) differences between economic and design decisions during Engineering practice.
5mks.
Question 2 (10 marks)
5mks
(i) Why should Engineers conduct Break-Even Analysis on designs, production/fabrication, installation
and other related professional activities? Sketch a well labelled Break-Even Chart.
(ii) Abu Sakeena Plc in Gwagwalada area in FCT, Nigeria is considering introducing a new soft drink,
called Zobo Natural Juice. Based on initial analysis the following data was obtained: Fixed Costs
N1,200,000 per month; Variable Costs = N 240 per product and selling price per product is N 350.
As a Production Manager, what is the minimum products that must be processed to avoid running at
a loss.
Question 3 (10 marks)
5mks
==
(i) The Federal Government of Nigeria is planning to start some multibillion-naira infrastructure projects
such as 8-lane Abuja-Lagos Express way, 2,000 MW natural gas fired Electricity power plant, 5 mtpa
petrochemical complex and others. As an Engineer, suggest sources of funding available for
aforementioned engineering projects and select the best option with reasons.
(ii) Two years ago, a sum was invested in cable producing company. Now, it is worth N1,200,000. When
extended for another two years, it became N14,000,000. Find the initial sum and the simple interest
rate that was offered.
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