Economics For Engineers Past Paper PDF (HSMC-301 2019-20)

CS/D. TECH/CSE/IT/APM/'IT(NJ/ODD/SEM-3/ HSMC 301 /20 l 9-20 MAULANA ABUL KALAM AZAD UNIVERSITY OF TECHNOLOGY,WESTBENGAL Paper Code : HSMC-301...

CS/D. TECH/CSE/IT/APM/'IT(NJ/ODD/SEM-3/ HSMC 301 /20 l 9-20 MAULANA ABUL KALAM AZAD UNIVERSITY OF TECHNOLOGY,WESTBENGAL Paper Code : HSMC-301 PUJD : 03446 ( To be mentioned In the main answer scrJpt J ECONOMICS FOR ENGINEERS Time Allotted : 3 Hours Full Marks : 70 om Thejlgures In-the margin lndlcatejull marks. Candldates are required to glue their answers In their own words asjar as practicable. t.c GROUP-A bu ( Multf pie Choice Type Questions ) 1. Choose the correct alternatives for any ten of the yw following: 10x1=10 /4 The opportuntty cost of a goo 1s m a) The Ume lost in ftndi.ng 1t b) the expenditure on 1t the quanuty of the next best alternative sacrtflced to produce one unit of that good , dJ. the amount of savings Jost. 11) If t c lnf1at1on rate ls 7% per yea. market interest rate is 15%, then the real interest rate wJU be a) 7% b) 10% c) 3% d) 12%. **·3301/3(N) (Turnover  o I 56"' I 31 NI/ or.i ' M / TT ( / IT i AP ' cs/ B. TECH/CSE l w e efl 9-2 0 b c HSMC 30l/201 lfercn. 1 tt1e d l Id I fll I S c ro c -_y. · s P of g f,111 Gr' osl l'l s so o i a1 d1 c llc u oo d l sates Prod I Nc f ?-f' s a n d coSI s a te 0 et bl ·.N et p u sc N a 1S 1 d 1 tes an ,. c et s a , i;l/ N d e n d. 11 _.,1 1 1 cb p 1 babUily il d1 v wit , o n r r ax a e di r e e I1 i e n nt decisio o d !,Vl tn a d h e d s cane att ac f 1 node 1 c c 1s 10 J c node ) o a n c ·xa · or c11 A y Ran d o a l ll l and (bl "'J IS cl ao tb ( 111ese, om nd Jll a c 11 1n f a e"' n e o a n t st dl No 11 P1 e d co ar g ed 0 JJ1 1t t re c 1 a uon ch corn p.c vl pe CoSI cost.... ✓ r Y re. n a t u ,P' 1 u a l D1scre1 dJ f n· cost t /·.. o v e r s t o bu on c) c ' k - E v e n potnt I A t area st e s : - r ota! co J yw al s a £; al Tot cost I I r.JV enu e l· Total Rev ost. = Total f !X e d c ,.b : rota! e n u e m al Re v cl Tot o f t h ese. cost e d} Non h e AVcrag 1 le t b s a t r i c a e v c st c u rv e t,farglllal o. /. rn 1n 1 m u rn point. at tis a l Above o w at H s fal tng part bJ Bel w a t it s rn in1rnurn p oin Belo t these. })I' d). None of * -3301/3(N) 2  CS/B. TECH!CSE/IT/APM /TT(NJ/ODD!SEM-3/ , ' HSMC-301/2019-20 VJ)t1 Debt t o Equlty Ratlo comes under a) Leverage Ratlo Llquldlty Ratio c) Prontablltty Rauo dJ Dividend Ratio. ix) Which one of the followlng ls Involved to measure. tnnauon /aJ Non11na1 Interest Rate MARR om c) Consumer Price Index d) None of these.·.c j If A and B are two independent events then t bu P(AnBJ yw a) P(A/ B) x P{B) ✓.hf P(A)x P(B) C) P(AUB) d) P(A)+ P(B). m )'1( To comput_e the updated cost of a boiler w1th same capacity in a power plant, we use a) Per Unit Cost Model 'f )Jr Cost Index Model c) Power Sizing Model d) Segmenting Model. * -3301 /3(NJ 3 I Turi? over  : 7 1is:. IAPM/TT(NJ/Ooo,sEM-3/ ConlrlbuUon margin ls the excess of sale prJcc over a rlablc cost b)· excess of sale price over fixed cost c) excess of sale price over both variable cost and fixed cost d) · none of these. GROUP-B ( Short Answer Type Questions ) om Answer any three of the foJlowJng. · 2. Write a brief note on Per Unit Cost method of esumauon..c 3. DJstt.riguJsh between Consumer Price Index (CPU and t Wholesale Prtcc Index (WPI}. bu d for 4.,;,,, A machine n eded fo years can. ge pur: a -./ Rs. 77,662 and sold at· the end of period for about., yw leased for /. Rs. ·25,00 A comp'.31'able machJnc can. b_e_ on Rs. 30,000 per year. If a flrm expects return of 20% m investments, should Jt buy or lease the machine ? Capital recovery factor 3 years ) =. 47 47. Sinking fund factor ( 20%, 3 years=.2747 J. / ;; Define 1nflat1on. What are the causes of inflation ? 2 + 3 f A student has taken a loan of Rs. 3.00,000 for 3 years · at 9% per annum. Calculate h w much needs to be 1 repaid at the end of 3 years under compound interest rate. * * -3301 /3{N) 4  ' CS/13. Tl Cll!CSIC/1'1'/ Al'MI'1...l(NJ/() l)l)JSl M♦ :J/ I ISM C-301 /20 I GROUP - C 9·20 ( Long swc r 'fype _ Question ·) Answer any three of tlic follO\V1ng. 3 X 15 - 7. A fl r,u wl1osc cost of capital ls 45 1 O% consJdcrlng two / u1utually exclusive projects X and y flJe details arc as follows : http://www.makaut.com I - Year 0 I Project A / Project B I (70,000} (7,00.000} 1 10.00.0 so,ooo 20,000 40.000 30,000. 20,000 45,000 10.000 om 5 60.000 10.000 } Total Cash Flow J 1.65,000 j 1.30.000.c Compute NPV, Profit billty Index and IRR of the. two t projects. 5+5+5 bu 8. aJ Dc{tne Learning curve. b) FJvc years ago. when the relevant cost index was yw 120. a nuclear centrifuge cost $4o,gqo.. T 1e centrifuge had ·a capacity of separating m 1500 gallons of ionized solu_tton per hour. Today. it ts desired to build a centrifuge with capacity of 4500 gallons per hour. but the cost index now Is 3 0. Assuming a power-sizing exponent lo reflect economics of scale. x. of 0·75, use the power-sizing· model- to determine llle approxiinate cost (expressed in t day's dollars) of tlle new rector. 5 + 10 * * ·3301 /3(NJ 5 I Turn over  C8 / l\i'l'l.:Cl II ( ' t,: / 1'1 / ,\l'M /'l"l't Nl It )I )I) nu,: M ,:, I 1 tISMt,:m I / 0 l !> O l./ , ) \Vhnl IN tkt'l hm trn,' ','.) 1' I\ t,l h) Ms, snnu et·n nod ts llw \'h't' l)n' hlt!nt ol' "" , 0 comiuu w\ who h t'Ollt't'l'IH'd nhout 11,",: t>l ll ,. , UHi' l cunt tl prmh u tttu t enpn hllll,\ , Sh hn lhr nltcrnntlvc. The nrst nlh runtlvt wm,ht l'N uu h stg1,lllennt chnn t'S tu pr, seut oprl'nlhlllN, hwhultn tucrcascd nutomntton. Tht m t'ornl our. h1, otvr. smnll d,m,!tt s tu plnnt npt'rnlton nncl wouhl not tnducle nny 1ww aulomntlon. I ht' I hlrtl nlk1·nnth r. ts lo nmltt no dmn , (dn not hlngl, J\s a member or the plnul nmungt'lltc u, you hnvr. assigned the tnsk or mmlysht!{ lht! thn t om nlternattves mul rc('Olllmcmlh1H n l'Ottrsc or nctton. The Increased cost anti tncrcas,:d m11ntnl l'l \'t tHtr. for the nrst two altcru:,Uvcs :ire hown hclow :.....-- -·- - ··--------.c I I ll'l'l'U:411(l l 'ulun Snit ·---·--...·---·· -,\u11t111I Altcrnntlvc lt1fn·ns,·tl Cost t 1 ,.,·,·11,u) ----····........... bu ,..._, __ I Its. :1. 00. 000 ------··- l :i. I ,,l:!,000 __..., ___...... -·· - -·· Out11I , ' ·---·-·-· · ----· ,\\'l l'l\(tl' l :i. I. I H,000 ··· yw Poor H:i. -----·--...... no.ooo I 2 Rs. 85,000 Ooud -· - l :i. tHi.000 -··.. ----- ---- m t\\'crn c I l :t. ·lli.000 ' Poor H:t, 17,000 3 (Current operation) 0.... 0 The sales department csthnatcs the probabtlity of Good. Average nnd Poor future sales as 0