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 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 Law of demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the value of an intangible item which arises from the exclusive right of a company to provide a specified product and service in a certain region of the country? Company value Going value Franchise value Goodwill value Company value Going value Franchise value Goodwill value ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the amount of money paid for the use of borrowed capital? Rate of interest Simple interest Interest Principal Rate of interest Simple interest Interest Principal ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics In what method of computing depreciation where it assumes that the annual cost of depreciation is a fixed percentage of the book value at the beginning of the year? Straight line method Sum-of-year digit method Declining balance method Sinking fund method Straight line method Sum-of-year digit method Declining balance method Sinking fund method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the change in cost per unit variable change called? Supplemental cost Variable cost Incremental cost Fixed cost Supplemental cost Variable cost Incremental cost Fixed cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand? 1.0 hour per unit 1.4 hours per unit 1.6 hours per unit 1.2 hours per unit 1.0 hour per unit 1.4 hours per unit 1.6 hours per unit 1.2 hours per unit ANSWER DOWNLOAD EXAMIANS APP
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