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 is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days. 0.1972 0.1961 0.1931 0.1944 0.1972 0.1961 0.1931 0.1944 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What do you call a one-time credit against taxes? Tax credit Due credit Revenue credit Credible credit Tax credit Due credit Revenue credit Credible credit ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “current assets”? Ccash Non-liquid assets Fixed assets Liquid assets Ccash Non-liquid assets Fixed assets Liquid assets ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration? Buyer or consumer Producer Manufacturer Seller Buyer or consumer Producer Manufacturer Seller ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as ______. Yield Gain Economic return Earning value Yield Gain Economic return Earning value ANSWER DOWNLOAD EXAMIANS APP
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