Engineering Economics
______ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations.

Status company
Big income
Goodwill
Known owners

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Engineering Economics
Perfect monopoly exists only if:

the single vendor is the only one who has the permit to sell
the single vendor gets the absolute franchise of the product
the single vendor can prevent the entry of all other vendors in the market
the single vendor is the only one who has the knowledge of the product

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Engineering Economics
A telephone switchboard 100 pair cable can be made up with either enameled wire or tinned wire. There will be 400 soldered connections. The cost of soldering a connection on the enameled wire will be P 1.65 on the tinned wire, it will be P 1.15. A 100- pair cable made up with enameled wire cost P 0.55 per linear foot and those made up of tinned wire cost P 0.75 per linear foot. Determine the length of cable run in feet so that the cost of each installation would be the same.

1,120 feet
1,000 feet
1,100 feet
1,040 feet

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