Download AKTU B-Tech 5th Sem 2017-2018 NHU 501 Engineering Economics Question Paper

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Printed pages: 01

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Roll No.

Paper ID: 9067

Sub Code: NHU-501

Time: 3 Hours

Total Marks: 100

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Note:

1. Attempt all Sections. If require any missing data; then choose suitably.
2. Any special paper specific instruction.

? TECH

(SEM V) THEORY EXAMINATION 2017-18

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ENGINEERING ECONOMICS

SECTION A

1. Attempt all questions in brief.

   1. Explain cost estimation.
   2. What is efficiency?

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   3. Define decision making.
   4. What is monopolistic competition?
   5. What is Delphi method?
   6. Discuss the opportunity cost.
   7. What do you mean by Project evaluation?

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   8. Explain Staffing.
   9. Explain Seasonal Adjustments.
   10. Define Welfare analysis.

   2 x 10 = 20

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SECTION B

2. Attempt any three of the following.

   1. What is managerial economics? Briefly explain the techniques of managerial economics.
   2. Define Engineering economics. What is the role of economics in industries?
   3. What are the features of a market? Briefly explain the various types of market structures.

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   4. Describe short run equilibrium Monopoly completion.
   5. Define value engineering. How does it differ from value analysis?

   10X3=30

SECTION C

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3. Attempt any one part of the following:

   1. What do you mean by decision making? Explain the various characteristics of decision making.
   2. Explain elasticity of demand and distinguish its various types.

   10 x 1 = 10

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4. Attempt any one part of the following:

   1. Why a firm under perfect competition is a price taker?
   2. What are Duopoly features of price determination and various market conditions?

   10 x 1 = 10

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5. Attempt any one part of the following:

   1. Explain various methods used for demand forecasting of a new product.
   2. Write short note on opportunity and marginal cost.

   10 x 1 = 10

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6. Attempt any one part of the following:

   1. Plot a diagram showing total cost, fixed cost and variable cost. Also describe each.
   2. What do you mean by Management? Explain its various functions of Management.

   10 x 1 = 10

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7. Attempt any one part of the following:

   1. What is macroeconomics? How does it differ from microeconomics?
   2. What do you mean by Decision making? Explain the various characteristics of decision making.

   10 x 1 = 10

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