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

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

ANSWER DOWNLOAD EXAMIANS APP

Engineering Economics
In a cash flow series:

The gradient in the cash flow may be positive or negative
Either an increase or decrease in the amount of a cash flow is called the gradient
All of these
Uniform gradient signifies that an income or disbursement changes by the same amount in each interest period

ANSWER DOWNLOAD EXAMIANS APP