MG6863 EE Important Questions, ENGINEERING ECONOMICS Answer Key – MECH 8th SEM Anna University

MG6863  EE Important Questions

Anna University Regulation 2013 Mech MG6863  EE Important Questions for all 5 units and MECH 8th SEM MG6863  ENGINEERING ECONOMICS  Answer Key is listed down for students to make perfect utilization and score maximum marks with our study materials.

MG6863  EE Important Questions

UNIT I – INTRODUCTION TO ECONOMICS

PART- A (2 Marks)

  1. Define Economics?
  2. Compare law of supply and demand.
  3. Identify the four goals of economy?
  4. Classify factors influencing supply.
  5. Discuss the concept of factors in fluency demand.
  6. Interpret your understanding on Economic efficiency.
  7. Define engineering economics.
  8. Compare marginal cost and marginal revenue in economics.
  9. How would you estimate marginal revenue?
  10. What is the outcome of process planning?
  1. How is profit making related to break even analysis?
  2. Interpret P/V ratio to cost benefit analysis.
  3. Define Sunk Cost.
  4. Compare law of Demand and Demand shift.
  5. How would show your understanding on Break-Even Analysis?
  6. Classify the steps in the process planning.
  7. Define the term demand and law of demand in economics.
  8. Classify the various elasticity of demand.
  9. Define marginal cost.
  10. What is the P/V ratio when Marginal cost is Rs.2400, Selling price is Rs.3000.

MG6863  EE All units Important Questions – Download Here

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For MG6863  EE Question Bank/2marks 16marks with answers – Click here

For MG6863  EE Lecture Notes – Click here

 

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MG6863  Answer Key, EE Unit wise Important Questions- MECH 8th Semester

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