Engineering Economics Aside from many sellers and many buyers, which one is a characteristic of perfect competition? Homogeneous product All of these Free market entry and exit Perfect information and absence of all economic friction Homogeneous product All of these Free market entry and exit Perfect information and absence of all economic friction ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the type of annuity where the payments are made at the beginning of the each period starting from the first period? Deferred annuity Perpetuity Ordinary annuity Annuity due Deferred annuity Perpetuity Ordinary annuity Annuity due ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A leading shoe manufacturer produces a pair of Lebron James signature shoes at a labor cost of P 900.00 a pair and a material cost of P 800.00 a pair. The fixed charges on the business are P 5,000,000 a month and the variable costs are P 400.00 a pair. Royalty to Lebron James is P 1,000 per pair of shoes sold. If the shoes sell at P 5,000 a pair, how many pairs must be produced each month for the manufacturer to break-even? 2,712 2,890 2,632 2.590 2,712 2,890 2,632 2.590 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration? Producer Buyer or consumer Manufacturer Seller Producer Buyer or consumer Manufacturer Seller ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The functional depreciation is sometimes called ______. Failure depreciation Adolescence Demand depreciation Life depreciation Failure depreciation Adolescence Demand depreciation Life depreciation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A mathematical expression also known as the present value of annuity of one is called ______. Sinking fund factor Present worth factor Load factor Demand factor Sinking fund factor Present worth factor Load factor Demand factor ANSWER DOWNLOAD EXAMIANS APP
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