Engineering economic analysis provides useful input in all of the following situations except which one? (a) Determining how much we should pay for a machine that will provide a savings. (b) Determining the priority of investing our company’s retained earnings. (c) Illustrating the economic advantages of one alternative over other feasible choices. (d) Convincing management that one person should be hired over another.

What is the key concern of engineering economics? Corporate taxation is complex. Costs and revenues in engineering decisions accrue over periods of years. Consumers are unpredictable. Resources are scarce.

A(n) -based ethics code defines corporate values, creates a supportive environment, and stresses shared accountability among employees. Multiple Choice compliance integrity social corporate responsibility

Bags/Participants Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500 $2,200 200 $1,700 $1,200 $2,900 300 $1,700 $2,700 $4,400 400 $1,700 $5,200 $6,900 500 $1,700 $9,000 $10,700 600 $1,700 $15,000 $16,700 700 $1,700 $23,800 $25,500 800 $1,700 $36,800 $38,500 900 $1,700 $55,800 $57,500 1,000 $1,700 $83,000 $84,700   Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of bags that you should order?  At what quantity of bags will profits be maximized? A   Use the profit maximizing rule, MR ≥ MC, buy 300 bags. B   Use the profit maximizing rule, MR ≥ MC, buy 200 bags. C   Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 300. D   Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 200.