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&EGD#NO ARULMIGUMEENAKSHI AMMAN COLLEGE OF ENGINEERING, VADAMAVANDAL-604410.

DEPARTMENT OF MECHANICAL ENGINEERING FIRST CYCLE TEST-FEB2014 SUBCODE & NAME: MG 2351 Engineering Economics and Cost Anal sis DA!E: 1"#"2#2"1$ ,A&! -A ./*201$1 Ans2er all 34estions 1# 2# 3# $# 5# <# /# 56at do o4 mean 7 demand8 De9ine :a2 o9 Demand# 56at do o4 mean 7 Gi99en goods8 56at is Engineering Economics8 De9ine :a2 o9 S4;;l # 56at do o4 mean 7 7rea= e>en anal sis8 De9ine Angle o9 incidence# %EA&' SEM & SEC: () !(ME: .10AM !"10.#0AM MA* MA&+: #0

,A&!? B .3*1203<1 @# EA;lain t6e 9actors a99ecting demand# .O&1 B# EA;lain elasticit o9 demand and di99erent meas4res o9 elasticit o9 demand# 1"# EA;lain t6e 9actors a99ecting s4;;l # .O&1 11# EA;lain t6e signi9icance o9 engineering economics# 12# EA;lain Brea= e>en anal sis 2it6 diagrammatic re;resentation 2it6 its ad>antages#

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