Engineering Economics
Perfect monopoly exists only if:

the single vendor can prevent the entry of all other vendors in the market
the single vendor is the only one who has the permit to sell
the single vendor gets the absolute franchise of the product
the single vendor is the only one who has the knowledge of the product

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Engineering Economics
Each financial ratio is generally compared by

A ratio developed by using the projected financial statement of the firm
A ratio of some selected firms most progressive and successful at the point of consideration
A past ratio calculated from the past financial standard of the firm
All of these

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Engineering Economics
The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now?

10 months
13 months
11 months
12 months

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