Savannah State University Engineering Economy Questions

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ENGT 3701 – Engineering Economy Assignment 1 Given 1/18/2022 – Due 1/27/2022 Multiple Choice – Choose the correct answer – (4 qts x 5 pts) = 20 points Submit it at andreous@savannahstate.edu The first 2 problems are from chapter 1 and the other 2 problems are from chapter 2. 1) A manufacturing firm has received a contract to assemble 1000 units of test equipment in the next year. The firm must decide how to organize its assembly operation. a) Skilled workers, at $33 per hour each, can individually assemble the test equipment in 2.6 hours per unit. b) Teams of 4 less skilled workers, at $19 per hour each, can assemble a unit in one hour. The approach that is more economical is i) ii) iii) iv) a b both a and b are equal in cost not enough information is given to decide 2) If you rent a car with a 16-gallon tank, you can a) return it with a full gas tank, b) return it without filling it and pay $5.45/gallon or c) accept a fixed price of $50 for gas .The local price is $3.95/gallon for gasoline, and you expect this car to get 28 miles per gallon. If you expect to drive 300 miles, the best choice is i) ii) iii) iv) c not enough information is given to decide b a 3) John is a manufacturing engineer with the Miller Company and he has determined the following costs of producing a new pro

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