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 In-place value Fixed cost Material cost First cost In-place value Fixed cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied? Producer products Consumer products Necessity Luxury Producer products Consumer products Necessity Luxury ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Aside from many sellers and many buyers, which one is a characteristic of perfect competition? Perfect information and absence of all economic friction Homogeneous product All of these Free market entry and exit Perfect information and absence of all economic friction Homogeneous product All of these Free market entry and exit ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Under ordinary simple interest, how many days in one year? 366 365 300 360 366 365 300 360 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”. 0.1332 0.1346 0.1373 0.1315 0.1332 0.1346 0.1373 0.1315 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A project construction cost estimate includes: All of these The labour and material cost The equipment and over head cost The profit of the contractor All of these The labour and material cost The equipment and over head cost The profit of the contractor ANSWER DOWNLOAD EXAMIANS APP
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