Engineering Economics

Please show me the steps involved to solve the attached problems. --- 10. For a given operation the fixed costs are 4,000,000. The semi-variable costs are 20% of the fixed costs plus $5.20 per unit. The variable costs are $16.00 per unit. The business unit is looking for a 15% markup. If the units sell for $28.00 per unit, what is the break-even point and the shut down point for production. Draw the cost graph for this operation and calculate the points requested. 11. Estimate the manufacturing cost to produce 1.5 million gallons per year of paint. The plant operates 16 hours per day about 300 days per year and costs $15,000,000 to build. In producing the product, about ½ gall... click for more

Some economics short questions

I need answer for #1 this evening and the rest no later than Sunday evening. 1. Do you think the economy is in or in danger of falling into a recession then expansionary monetary policy is the correct course of action. If you think the economy is in danger or experiencing a period of inflation than contractionary policy is the correct course of action. Also state the policy tool you would use and how it would be used to enact the policies that will expand, contract or maintain the economy. (Opinion) Be careful to identify the positive reasons for your normative position. (1 paragraph answer is sufficient) 2. Suppose the Fed increased the money supply to $1,800 billion. What would... click for more

Industry structure is often measured by computing the Four-Firm Concentration Ratio...

Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 30%. How would you describe this industry? Suppose the demand for the product rises and pushes up the price for the good. What long-run adjustments would you expect following this change in demand? What does your adjustment process imply about the CR for the industry? Now consider that the industry has 20 firms but the CR for the industry is 80% instead of 30%. How would you describe this industry? What are some reasons why this industry has a high CR while the other industry had a low CR? Is it possible for smaller firms to thrive and profit in su... click for more

Law of Demand and Supply

Law of Demand and Supply What is the motivation behind each of the laws?

Game Theory - Multiple periods

(See attached file for full problem description)