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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
Cinemax is the only movie theater in Dannyburg. As such, it operates as a price-discriminating monopolist. Two types of customers view movies there: adults (A) and high school students (S) . Their respective demand functions are: Qa = 6400 Pa-2 Qs = ..
Competitive Market Equilibrium. Dozens of Internet Web sites offer quality auto parts for the replacement market. Their appeal is obvious. Price-conscious shoppers can often obtain up to 80 percent discounts from the prices charged by original equipm..
Export subsidies levied by foreign governments on products in which the United States has a comparative disadvantage?
What are the consequences of not looking at various perspectives and the interests of other people involved, while making a responsible ethical decision?
Why do lenders tend to lose out in an unexpected inflation?
You are required to carry out an economic analysis of an industry of your choice. Examples of appropriate industries include: automobile manufacturing, index fund management, cigarettes, supermarkets and mobile phone networks.
When do consumers pay the most of a sales tax? When do producers pay most of the tax? How should sunk cost be taken into account in decision making? (include example if possible). Given that sales taxes cause deadweight loss, what should be the elast..
From consumers' perspective, how does an increase in income tax rate affect consumers' choice between labor and leisure
Elasticity, explain the distinction between price, income and cross price elasticity of demand illustrate your answer with appropriate formulas.
Suppose you consume nothing but goods X and Y. We have two years.
Export and import practices are at the heart of a country’s trade balance with the rest of the world? Why do some countries subsidize their exports when WTO regulations do not allow that? Are global companies such as Intel, Cisco, Microsoft, oracle, ..
A newspaper recently lowered its price from $0.50 to $0.30. As it did, the number of newspapers it sold increased from 240,000 to 280,000. What was the degree of elasticity for the newspaper? Suppose that at a price of $55, 100 units were sold while ..
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