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 Which one of the following questions is relevant to the construction estimates? Did the estimators precisely evaluate site conditions How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost All of these Did the estimators use short cut methods which may be unrealistic in their situation Did the estimators precisely evaluate site conditions How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost All of these Did the estimators use short cut methods which may be unrealistic in their situation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest? 24.7 % 25.0 % 23.5 % 25.8 % 24.7 % 25.0 % 23.5 % 25.8 % ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What annuity is required over 12 years to equate with a future amount of P 20,000? Assume i= 6% annually. P 1,185.54 P 1,205.74 P 1,290.34 P 1,107.34 P 1,185.54 P 1,205.74 P 1,290.34 P 1,107.34 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics In computing depreciation of an equipment, which of the following represents the first cost? Installation expenses All of these The original purchase price and freight charges Initial taxes and permit fees Installation expenses All of these The original purchase price and freight charges Initial taxes and permit fees ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A machine costs of P 8,000 and an estimated life of 10 years with a salvage value of P 500. What is its book value after 8 years using straight line method? P 2,300.00 P 2,200.00 P 2,100.00 P 2,000.00 P 2,300.00 P 2,200.00 P 2,100.00 P 2,000.00 ANSWER DOWNLOAD EXAMIANS APP
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