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 diminishing return Law of supply and demand Law of supply Law of demand Law of diminishing return Law of supply and demand Law of supply ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Capitalized cost of any structure or property is computed by which formula? First cost + cost of perpetual maintenance First cost + interest of first cost Annual cost – interest of first cost First cost + salvage value First cost + cost of perpetual maintenance First cost + interest of first cost Annual cost – interest of first cost First cost + salvage value ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If there is only one seller and many buyers, the market situation is ________ . Duopsony Oligopoly Oligopsony Monopoly Duopsony Oligopoly Oligopsony Monopoly ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The original record of a business transaction is recorded in this book. Account book Ledger Journal Work book Account book Ledger Journal Work book ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan? P 6,292.93 P 6,222.39 P 6,999.39 P 6,922.93 P 6,292.93 P 6,222.39 P 6,999.39 P 6,922.93 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What do you call a one-time credit against taxes? Tax credit Revenue credit Credible credit Due credit Tax credit Revenue credit Credible credit Due credit ANSWER DOWNLOAD EXAMIANS APP
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