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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?

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

Inflation
Depletion
Deflation
Depreciation

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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?

Buffer stock
Hoard stock
Withheld stock
Stock pile

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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 4,840.00
P 4,860.00
P 4,820.00

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

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

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