Question 1 [25 marks] Using your own words, write an explanation for the following terms in engineering economics: (a) Opportunity cost with an example [5 marks] (b) Arithmetic gradient series with a simple cash flow diagram [5 marks] (c) Equilibrium price with a simple graph [5 marks] (d) Mutually exclusive alternatives with an example [5 marks] (e) Advantages and disadvantages of Gantt chart [5 marks] Question 2 [25 marks] (a) Using your own words explain the payback analysis and write its advantages and disadvantages. [13 marks] (b) An import company buys foreign-made toy train sets at $25 per unit. The fixed cost of the importing operation is $40,000 per year. (i) At what price should a set be sold to allow the importer to break even on a total shipment of 4,000 sets per year? [6 marks] (ii) Assume that the train sets are sold on commission by sales representatives who receive 20% of the selling price for each set sold and it is expected that $8,000 must be added to the fixed cost for advertising. If 20,000 units are sold at the same price calculated in the previous part, would the company be in a profit or loss? [6 marks]

Question 1 [25 marks] Using your own words, write an explanation for the following terms in engineering economics: (a) Opportunity cost with an example [5 marks] (b) Arithmetic gradient series with a simple cash flow diagram [5 marks] (c) Equilibrium price with a simple graph [5 marks] (d) Mutually exclusive alternatives with an example [5 marks] (e) Advantages and disadvantages of Gantt chart [5 marks] Question 2 [25 marks] (a) Using your own words explain the payback analysis and write its advantages and disadvantages. [13 marks] (b) An import company buys foreign-made toy train sets at $25 per unit. The fixed cost of the importing operation is $40,000 per year. (i) At what price should a set be sold to allow the importer to break even on a total shipment of 4,000 sets per year? [6 marks] (ii) Assume that the train sets are sold on commission by sales representatives who receive 20% of the selling price for each set sold and it is expected that $8,000 must be added to the fixed cost for advertising. If 20,000 units are sold at the same price calculated in the previous part, would the company be in a profit or loss? [6 marks]

Introductory Circuit Analysis (13th Edition)

13th Edition

ISBN:9780133923605

Author:Robert L. Boylestad

Publisher:Robert L. Boylestad

Chapter1: Introduction

Section: Chapter Questions

Problem 1P: Visit your local library (at school or home) and describe the extent to which it provides literature...

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