Download GTU B.Tech 2020 Winter 4th Sem 3140911 Economics For Engineers Question Paper

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Subject Code: 3140911
Subject Name: Economics for Engineers

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GUJARAT TECHNOLOGICAL UNIVERSITY
BE- SEMESTER-IV (NEW) EXAMINATION - WINTER 2020
Date: 09/02/2021
Time: 02:30 PM TO 04:30 PM
Total Marks: 56

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Instructions:
1. Attempt any FOUR questions out of EIGHT questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.

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Q.1 (a) Define economics. Why is the study of Economics useful for engineers? 03
(b) What is difference between fixed cost and variable cost? 04
(c) Explain Economics decisions making process. 07

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Q.2 (a) Write down types of Estimate. 03
(b) Explain Recurring And Nonrecurring Costs. 04
(c) Write short notes on Marginal & Average Costs. 07

Q.3 (a) Define Life-Cycle Costs. 03

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(b) Short note: Segmenting Model. 04
(c) Explain Income Elasticity of Demand with example. 07

Q.4 (a) What is Sunk Costs? 03
(b) Explain time value of money. 04

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(c) Write short notes on breakeven analysis. 07

Q.5 (a) Define Debt repayment. 03
(b) Explain nominal and effective interest. 04
(c) Explain Annual Cash Flow Analysis. 07

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Q.6 (a) Write definition of inflation. 03
(b) Explain Internal Rate Of Return. 04
(c) Explain Composite, Vs Commodity Indexes. 07

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Q.7 (a) Define cash flow. 03
(b) Write effects and causes of inflation. 04
(c) Explain Price Change with Indexes. 07

Q.8 (a) What is Borrowed Money Viewpoint? 03

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(b) Explain Future Worth Analysis. 04
(c) Explain End-Of-Year Convention. 07