1 views

Uploaded by Aditya

- 14 CE Chapter 14 - Developing Pricing Strategies
- Answers to Chapter 5 Mankiw
- Sports Seminar Final Draft
- Answers to Chapter 5 Questions
- The Labour Market (2003, 2 Oldal)
- Cross Elasticity Ppt of Eco
- Pricing strategy and reserved capacity plan based on product life cycle and production function on LCD TV manufacturer
- Econ Asgment 2
- Managerial Economics - My Notes Micro_Rev17
- Karina Price and Income Elasticity
- Ap10 Frq Microecon Formb
- melitz_slides.pdf
- Demand Paper
- Elasticity of Demand 1
- 11_eco_pp_ch2_1.pdf
- Handout11-7aDone.docx
- ECON501_HW2
- ch 11-2-1
- Sample
- The relationship between the milk and cookies consumption in the US

You are on page 1of 2

School of Humanities & Social Sciences

Mid Semester Examination

13. E. (Fourth Year) Semester-VW Course Code: UHU-081

(CIE,CHE,MEE & BT) Course Name: Engineering Economics

BE (Third Year): Semester-VI

(COE)

BE (Second Year): Semester-IV

(ECE)

March 16, 2016 Wednesday, 10.30 — 12.30 Hrs

Time: 2 Hours, M. Marks: 30 Name Of Faculty: SCB,RKS,ANS & KW

Instruction: All questions are compulsory. Attempt all sub parts of question at one place.

Q.1 (a) Explain why the concept of scarcity is central to the study of economics. (2.5)

(b) What is economics? Why should engineers study economics? (2.5)

Q.2 (a) Define. elasticity of demand and analyze factors determining elasticity of demand (3)

and some practical applications of elasticity of demand.

(b) The market research department of Paradox Enterprises has determined that the (4)

demand foi- fingolds is Q= 1,000 - 5P + 0.05I - 50Pz,

Where P is the price, 1 is income, and Pz is the price of substitute or complementary

product. Suppose that P = $5, I = $20,000, and Pz = $.15.

i. Compute the price elasticity of demand for fingolds.

ii. Is the firm maximizing its total revenue at P = $5. If not, what price should it

charge?

iii. At P = $5, compute the income elasticity of demand forfingolds.

iv. At P = $5, compute the cross-price elasticity of demand for fingolds.

(c) The market demand and supply equations fora product are (3)

QD =300-3P

Qs. 100+5P

Where Q is quantity and P is price.

i. What are the equilibrium price and quantity for this•product?

Suppose that an increase in consumer income/ resulted in the new 'demand

equation •

QD= 420-3P

ii. What are the new equilibrium price and quantity for this product?

iii. Suppose the government enacts legislation that imposes a price ceiling

equivalent to the original equilibrium price. What is the result of this

legislation?

Q.3 (a) Briefly dis'cuss delphi technique & end use method of demand forecasting. (3)

bl Following information related to product X : (4)

Years 2001. 2002 2003 2004 2005 2006 - 2007 2008 2009 2010

Price 23 28 15 14 ' 30 • 19 33 29 34 45

Sales in 11 9 16 23 7 14 6 12 8 4

lacs

Page 1 of 2

Estimate demand for 2011 if projected price is Rs. 37

Estimate Price for 2011 if projected demand is Rs. 23 Lacs

Q.4 (a) Suppose that .output is a flinction of labor and capital. Assume that labor is the (4)

variable input and capital is the fixediinput. Explain the law of diminishing marginal

product. How is the law of diminishing marginal product reflected in the total product of

labor curve?

(b) The average product of labor is given by the equation (4)

• APE_ =600+200L-L2

i. What is the equation for the total product of labor (TPL)?

ii. What is the equation for the marginal product of labor (MPL)?

iii. Find out labour units where TPL will be maximum.

iv.. Fin,d out labour units where APL will be maximum.

Page 2 Of 2

- 14 CE Chapter 14 - Developing Pricing StrategiesUploaded byAsha Jaylal
- Answers to Chapter 5 MankiwUploaded byRejaneFAraujo
- Sports Seminar Final DraftUploaded byIan Patrick Brennan
- Answers to Chapter 5 QuestionsUploaded byWinnieWentingShi
- The Labour Market (2003, 2 Oldal)Uploaded by121CreativeCat
- Cross Elasticity Ppt of EcoUploaded byPraneit Khot
- Pricing strategy and reserved capacity plan based on product life cycle and production function on LCD TV manufacturerUploaded by3xpansion
- Econ Asgment 2Uploaded byrahmani_4
- Managerial Economics - My Notes Micro_Rev17Uploaded byAhmedFawzy
- Karina Price and Income ElasticityUploaded byKarina Permata Sari
- Ap10 Frq Microecon FormbUploaded byMichelle Chan
- melitz_slides.pdfUploaded byGonzalo Rafael Medina
- Demand PaperUploaded byhiranya939509
- Elasticity of Demand 1Uploaded byGautam Bindlish
- 11_eco_pp_ch2_1.pdfUploaded byGamer Channel
- Handout11-7aDone.docxUploaded byPau
- ECON501_HW2Uploaded bysteve pearson
- ch 11-2-1Uploaded byRhonda Sheets
- SampleUploaded byjan_g
- The relationship between the milk and cookies consumption in the USUploaded byIJCIRAS Research Publication
- ElasticityUploaded byJerin Mathew
- ProjectUploaded byMuhammad Ishtiaq
- 3. ECO162- ElasticityUploaded byNorasyahsah Jems
- Elasticity of Demand(ECO)Uploaded byMuhammad Asad Ali
- Economics BasicsUploaded byQuinnee Vallejos
- week3and4Uploaded byFahad
- Elasticity Final 2Uploaded byshreyansh120
- Rusmevichientong Et Al 2009 AgribusinessUploaded byKong Sotheara
- Economic CostsUploaded byMhyca Manalo Castillo
- bushraUploaded byGhulam Mustafa

- 3Uploaded byAditya
- 1Uploaded byAditya
- 2Uploaded byAditya
- estUploaded byAditya
- abstractUploaded byAditya
- 9Uploaded byAditya
- UCH801Uploaded byAditya
- UCH601 (3)Uploaded byAditya
- UCH601Uploaded byAditya
- UCH501Uploaded byAditya
- UCH402 (7).pdfUploaded byAditya
- UCH402 (8).pdfUploaded byAditya
- UCH402 (9).pdfUploaded byAditya
- UCH402.pdfUploaded byAditya
- UCH402 (5)Uploaded byAditya
- UCH402 (6).pdfUploaded byAditya
- UHU081.pdfUploaded byAditya
- UHU081 (4).pdfUploaded bysahibjot
- UHU081 (7).pdfUploaded bysahibjot
- UHU081 (2).pdfUploaded bysahibjot
- UHU081 (1).pdfUploaded bysahibjot
- UHU081 (3).pdfUploaded bysahibjot

- Money and Banking Chapter 2Uploaded byjcarlisle11
- Chapter 04.pdfUploaded byJochelle Ranela Manzo Almanzor
- Analysis of Service Quality on Electronic Word of Mouth (E-WOM) through Customer SatisfactionUploaded byInternational Journal of Innovative Science and Research Technology
- observatory of economic complexityUploaded byapi-300153166
- Compute output gapUploaded byMùa Tuyết Tan
- Article 2.pdfUploaded byTito Setiawan Nugroho
- A MiUploaded bypiyu_parte
- Understanding Book BuildingUploaded byManash Kumar Roy
- Calpers Succession PlanningUploaded bySaifuddin Orexs
- 7SBMP_Syllabus_May13 (1)Uploaded bySydney Chiyungi
- Sectors of the Indian Economy.pdfUploaded bypalaniappan
- RMO NO.23-2018Uploaded byLarry Tobias Jr.
- Local TaxationUploaded byYumi Elopre Paypon
- The Indian Insurance Industry and Cournots ModelUploaded bySuman Saurabh
- 21st Century Competencies East Asian Education SystemsUploaded byAlexandre Andre Dos Santos
- Jacobs14e PrefaceUploaded byafwadirahman
- Form S10 for Subscribers Havinga Tier IAccount-And-PRAN CardUploaded byMandeep Singh Sidhu
- Farmers Movements in IndiaUploaded byAsad Akhter
- Sip Report on Working CapitalUploaded byKumari Manisha
- Sera.docUploaded byAkpoys Limpahan Rañada
- M a PlaybookUploaded byDwayne Johnson
- IndiaEconomicsOverheating090207-MF.pdfUploaded bydidwanias
- 01 6essayUploaded byPETER
- Transport Deregulation and PrivatizationUploaded byDarryl Myr Florano
- Visa InformationUploaded byPratik Gill
- EMF TelanganaUploaded byDiya Finding New Ways
- Rcc Box Culvert Drawings and Bid DocumentUploaded byRAJKUMAR SINGH CHAUHAN
- PM UBAM2023 May 2018 Group Assignment QPUploaded byVz'pui Li
- Chir Wa MalawiUploaded byalinkuspra
- Feb-2016.pdfUploaded byAnonymous akFYwVp