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 supply Law of demand Law of supply and demand Law of diminishing return Law of supply Law of demand Law of supply and demand Law of diminishing return ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is a stock of a product which is held by a trade body or government as a means of regulating the price of that product? Buffer stock Hoard stock Stock pile Withheld stock Buffer stock Hoard stock Stock pile Withheld stock ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is normally used to compare alternatives that accomplish the same purpose but have unequal lives? Present worth method Annual cost method Capitalized cost method MARR Present worth method Annual cost method Capitalized cost method MARR ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Oligopoly exists when there is/are: Few sellers and many buyers Few sellers and few buyers One seller and few buyers Many sellers and few buyers Few sellers and many buyers Few sellers and few buyers One seller and few buyers Many sellers and few buyers ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The difference between the present and future worth of money at some time in the future is called ______. Depletion Deduction Discount Inflation Depletion Deduction Discount Inflation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the type of annuity where the payments are made at the end of each period starting from the first period? Perpetuity Annuity due Deferred annuity Ordinary annuity Perpetuity Annuity due Deferred annuity Ordinary annuity ANSWER DOWNLOAD EXAMIANS APP
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