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Most of the students taking Engineering Economics are either majoring in one of the fields in Engineering or has interest in engineering profession. I am sure you will find out the answers clearly after you are done this course. What are the benefits of economics background for an Engineer? (Your response could be related to your particular filed of specialization or experiance). Please cite if you are using outside info
You can buy a piece of vacantland for $30,000 cash. You plan to hold it for 15 years and then sell it at a profit. During this period
The regression results of these three models are as follows (figures in the parentheses are the standard errors of the corresponding estimated regression)
Assume that the marginal propensity to save increases. If the Fed wants to keep the level of output from fluctuating, should it undertake open market purchases or sales? In your answer discuss how the composition of GDP is affected.
Name a product you purchased that would be part of the monopolistic competition market structure. Why do you think it is part of this market structure?
Sometimes wages are set above the equilibrium level when
We normally think of currency and banking risks as being something confined to third-world or developing countries. But events in the past few years such as the Euro crisis or the financial crisis in the United States have shown that not even the wea..
When the price of gasoline increased from 3 to 4 dollars per gallon, the demand for gasoline decreased from 100,000 gallons to 90,000 daily. Also, the demand for a $50,000 SUV dropped from 3000 to 2500 cars per month. Estimate the price elasticity of..
Suppose that a biotech firm in Pittsburgh raised $113 million in an IPO. The firm received $23 per share, and the stock sold to the public for $25 per share. The firm’s legal fees, SEC registration fees, and other out-of-pocket costs were $657,500. T..
1. At the profit-maximizing output a certain monopolist's price is exactly twice as high as marginal cost. What is the elasticity of demand?
A company has two divisions. The first produces an operating system for smartphones. The other division manufacturers and markets its own smartphone.
The republic of Oakland is recovering from a financial crisis that resulted in a fall is the GDP growth rate and widespread unemployment. The prime minister has set up a crisis Recovery taskforce to discuss measure that will receive the economy. Whic..
A news clipping service is considering modernization. Rather than manually clipping and photocopying articles of interest and mailing them to its? clients, employees electronically input stories from most widely circulated publications into a databas..
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