Engineering Economics If ‘P’ is principal amount, ‘I’ is the rate of interest per annum and ‘n’ is the number of periods in years, the compound amount factor (CAF) is: (1 + i)n None of these √(n + i) (1 + i)(1/2n) (1 + i)n None of these √(n + i) (1 + i)(1/2n) ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What are the common methods of computing depletion charge? Discrete method and depletion allowance method Conservative method and conventional method Unit method and percentage method Rational method and irrational method Discrete method and depletion allowance method Conservative method and conventional method Unit method and percentage method Rational method and irrational method ANSWER DOWNLOAD EXAMIANS APP
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 Deflation Depreciation Depletion Inflation Deflation Depreciation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the: Law of demand Law of diminishing return Law of supply and demand Law of supply Law of demand Law of diminishing return Law of supply and demand Law of supply ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest? Simple interest Effective rate of interest Compound interest Nominal rate of interest Simple interest Effective rate of interest Compound interest Nominal rate of interest ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A manufacturer produces certain items at a labor cost of P 115 each, material cost of P 76 each and variable cost of P 2.32 each. If the item has a unit price of P 600, how many units must be manufactured each month for the manufacturer to break even if the monthly overhead is P428,000 1,043 1,033 1,037 1,053 1,043 1,033 1,037 1,053 ANSWER DOWNLOAD EXAMIANS APP
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