Engineering Economics
Perfect monopoly exists only if:

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

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Engineering Economics
Pick up the correct reason for making conceptual (or preliminary) estimate from the following:

To check quotations from contractors and/or sub-contractors
All of these
To compute target estimate for the owner while drawing and specifications are in initial stage
To have a check on a definitive cost estimate

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Engineering Economics
The institute of Electronics and Communications Engineers of the Philippines (IECEP) is planning to put up its own building. Two proposals being considered are:A. The construction of the building now to cost P 400,000B. The construction of a smaller building now to cost P300,000 and at the end of 5 years, an extension to be added to cost P 200,000.By how much is proposal B more economical than proposal A if interest rate is 20% and depreciation to be neglected?

P 19,624.49
P 19,423.69
P 19,122.15
P 19,518.03

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