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Engineering Economics

Engineering Economics
All are classified under direct labor expenses EXCEPT one. Which one?

Supervision cost
Inspection cost
Testing cost
Assembly cost

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Engineering Economics
Aside from many sellers and many buyers, which one is a characteristic of perfect competition?

Free market entry and exit
Homogeneous product
All of these
Perfect information and absence of all economic friction

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Engineering Economics
What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days.

0.1931
0.1972
0.1961
0.1944

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Engineering Economics
Duopoly is a market situation where there is/are:

One seller and few buyers
Few sellers and many buyers
Few sellers and few buyers
Many sellers and few buyers

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Engineering Economics
A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan?

P 6,222.39
P 6,292.93
P 6,999.39
P 6,922.93

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Engineering Economics
By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly?

11.46 years
11.57 years
11.23 years
11.87 years

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