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DR Emad Economics Ex1

The document contains 4 questions related to engineering economy: 1) A report assignment on engineering economy including what it is, why it's important, the role of engineers, and an example of its use. 2) A question about why authors who write books about making money in the stock market don't just make money in the stock market instead of writing books. 3) A calculation question to determine the number of units at which two companies would have the same total costs. 4) Three scenarios asking which represent rational decision making, including choosing a career based on a friend's choice and buying the cheapest tool without considering quality.

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Omar Elshahat
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148 views1 page

DR Emad Economics Ex1

The document contains 4 questions related to engineering economy: 1) A report assignment on engineering economy including what it is, why it's important, the role of engineers, and an example of its use. 2) A question about why authors who write books about making money in the stock market don't just make money in the stock market instead of writing books. 3) A calculation question to determine the number of units at which two companies would have the same total costs. 4) Three scenarios asking which represent rational decision making, including choosing a career based on a friend's choice and buying the cheapest tool without considering quality.

Uploaded by

Omar Elshahat
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Faculty of Engineering

Department : Building and Construction Engineering Course : Engineering Economy Course Code : ENG233 Exercise 1 1. Write a maximum of 4-pages report on the subject of this course showing the following: What is Engineering Economy; Why is it important; What ate the role of engineers in using it; and Give an example of how using engineering economy can be useful.

2. Many people write books explaining how to make money in the stock market. Apparently, the authors plan to make their money selling books telling other people how to profit from the stock market. Why dont these authors forget about the books, and make their money in the stock market?

3. Company A has fixed expenses of LE15,000 per year and each unit of product has a LE0.002 variable cost. Company B has fixed expenses of LE5,000 per year and can produce the same product at a LE0.05 variable cost. At what number of units of annual production will Company A have the same total cost as Company B? 4. Consider the three situations below. Which ones appear to represent rational decision making? Explain. a. Ahmeds best friend has decided to become a civil engineer, so Ahmed has decided that he, too, will become a civil engineer. b. Nadia needs to get to the university from her home. She bought a car and now drives to the university each day. When Mona asked her why she didnt buy a bicycle instead, she replies, Mona, I never thought of that. c. Samir needed a wrench to replace the sparkplugs in his car. He went to the local automobile supply store and bought the cheapest one they had. It broke before finished replacing all the sparkplugs in his car.
Engineering Economy Dr. Emad Elbeltagi

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