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 demand Law of supply Law of supply and demand Law of diminishing return Law of demand Law of supply Law of supply and demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the amount of a product made available for sale? Supply Demand Product Good Supply Demand Product Good 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? 25.8 % 25.0 % 24.7 % 23.5 % 25.8 % 25.0 % 24.7 % 23.5 % ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The alternatives which are standalone solutions for given situations in engineering involve: The anticipated resalable value (salvage value) and the interest return (rate of return) The anticipated life of the assets A purchase cost (first cost) All of these The anticipated resalable value (salvage value) and the interest return (rate of return) The anticipated life of the assets A purchase cost (first cost) All of these ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is considered as the standard unit which forms the basis of a country’s domestic money supply? Monetary unit Currency Foreign exchange Cash or check Monetary unit Currency Foreign exchange Cash or check ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What do you call the after-tax present worth of all depreciation effects over the depreciation period of the asset? After-tax recovery Asset recovery Depreciation recovery Period recovery After-tax recovery Asset recovery Depreciation recovery Period recovery ANSWER DOWNLOAD EXAMIANS APP
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