1. INSTITUTE OF SPACE TECHNOLOGY
DEPARTMENT OF MECHANICAL ENGINEERING
400423 Engineering Economics & Optimization
Session: Fall 2021 Assessment:Assignment-2 Prepared by: Dr. Usama Qazi
Max Marks: 10 Assign Date: 19-11-2021 Due/Submission Date: 28-11-2021
Question # 1: [Q Marks-10]
From your daily life experiences related to economic decision making , perform basic /elementary
economic analysis in opting among two options.