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Engineering Economics

Engineering Economics
The difference between the present and future worth of money at some time in the future is called ______.

Depletion
Deduction
Inflation
Discount

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Engineering Economics
What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want?

Commodities
Goods
Goods or commodities
Services

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Engineering Economics
The first cost to be incurred if the piece of equipment now in place had been bought for a second hand dealer or some other business is called ______.

Material cost
First cost
Fixed cost
In-place value

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Engineering Economics
Gross margin is the ratio of the gross profit to ______.

Quick assets
Inventory turnover
Owner’s equity
Net sale

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Engineering Economics
A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year?

P705.42
P693.12
P700.12
P702.15

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Engineering Economics
Duopsony is a market situation where there is/are:

Few sellers and few buyers
One seller and few buyers
Few sellers and many buyers
Many sellers and few buyers

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