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Engineering Economics

Engineering Economics
A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually.

0.1195
0.1175
0.1232
0.115

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Engineering Economics
What is considered as the basic consuming or demanding unit of a commodity?

Producer
Buyer or consumer
Seller
Manufacturer

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Engineering Economics
Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest.

0.1029
0.1203
0.1219
0.1154

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Engineering Economics
A mathematical expression also known as the present value of annuity of one is called ______.

Present worth factor
Sinking fund factor
Load factor
Demand factor

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Engineering Economics
All the proceeds which are received by the business as a result of the sale of goods is called ______.

Net revenue
Total sales
Net income
Gross income

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Engineering Economics
“When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the:

Law of diminishing return
Law of supply
Law of supply and demand
Law of demand

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