Engineering Economics If there is only one seller and many buyers, the market situation is ________ . Oligopsony Monopoly Oligopoly Duopsony Oligopsony Monopoly Oligopoly Duopsony ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want? Goods or commodities Services Commodities Goods Goods or commodities Services Commodities Goods 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? 2,890 2,712 2.590 2,632 2,890 2,712 2.590 2,632 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 supply and demand Law of supply Law of diminishing return Law of demand Law of supply and demand Law of supply Law of diminishing return ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Probabilistic estimating of a construction project includes: All of these Wage scale Productivity Labour All of these Wage scale Productivity Labour ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as the certificate of indebtedness of corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of a corporation? Promissory note T-bills Stock Bond Promissory note T-bills Stock Bond ANSWER DOWNLOAD EXAMIANS APP
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