ENGINEERING ECONOMIC ENHANCED EBOOK
ENGINEERING ECONOMIC ENHANCED EBOOK
14th Edition
ISBN: 9780190931940
Author: NEWNAN
Publisher: OXF
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Chapter 2, Problem 50P
To determine

The calculation of cost of Bell by using AFCI.

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Fifty years ago, Grandma Bell purchased a set of gold-plated dinnerware for $48, and last year you inherited it. Unfortunately a fire at your home destroyed the set. Your insurance company is at a loss to define the replacement cost and has asked your help. You do some research and find that the Aurum Flatware Cost Index (AFCI) for gold-plated dinnerware, which was 127 when Grandma Bell bought her set, is at 1989 today. Use the AFCI to update the cost of Bell’s set to today’s cost to show to the insurance company.
Fifty years ago, Grandma Bell purchased a set of gold-plated dinnerware for$55, and last year you inherited it. Unfortunately, a house fire at your home destroyed the set. Your insurance company is at a loss to define the replacement cost and has asked your help. You do some research and find that the Aurum Flatware Cost Index (AFCI) for gold-plated dinnerware, which was 112 when Grandma Bell bought her set, is at 2050 today. Use the AFCI to update the cost of Bell's set to today's cost to show to the insurance company.       please don't sol by handwrite.
A car wheel making company has the following data related to cost: Total Cost = $ 15000 + 1000X and Total Revenue = 2500X, where X is the number of wheel. Calculate the amount profit or loss required to make X = 1500 wheels.

Chapter 2 Solutions

ENGINEERING ECONOMIC ENHANCED EBOOK

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