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ENGINEERING ECONOMICS

Engineering Economics
A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand?

1.0 hour per unit
1.6 hours per unit
1.2 hours per unit
1.4 hours per unit

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Engineering Economics
What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents?

Depletion
Inflation
Depreciation
Deflation

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Engineering Economics
What is a stock of a product which is held by a trade body or government as a means of regulating the price of that product?

Stock pile
Hoard stock
Buffer stock
Withheld stock

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Engineering Economics
Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 10% per annum. How much is in the account at the end of the 4th year?

P 4,880.00
P 4,860.00
P 4,840.00
P 4,820.00

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Engineering Economics
The project contractor relies on the cost of the estimate:

For submission of a competitive bid for a lump-sum contract
For preparation of a definitive estimate to help negotiate contract
All of these
For a unit price contract

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