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 and demand Law of diminishing return Law of supply Law of demand Law of supply and demand Law of diminishing return Law of supply Law of demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A farmer selling eggs at 50 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 12.5%, how much will be his new gain in percent? 0.0612 0.0665 0.0689 0.0658 0.0612 0.0665 0.0689 0.0658 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The project contractor relies on the cost of the estimate: For submission of a competitive bid for a lump-sum contract For preparation of a definitive estimate to help negotiate contract For a unit price contract All of these For submission of a competitive bid for a lump-sum contract For preparation of a definitive estimate to help negotiate contract For a unit price contract All of these 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 0.1944 0.1931 0.1972 0.1961 0.1944 0.1931 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “perfect competition”? Atomistic competition Free-for-all competition Heterogeneous market No-limit competition Atomistic competition Free-for-all competition Heterogeneous market No-limit competition 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? Franchise value Company value Goodwill value Going value Franchise value Company value Goodwill value Going value ANSWER DOWNLOAD EXAMIANS APP
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