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 demand 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 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The declining balance method is also known as ______. Modified SYD method Modified sinking fund method Constant percentage method Double percentage method Modified SYD method Modified sinking fund method Constant percentage method Double percentage method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc.? Utility Necessity Commodity Stock Utility Necessity Commodity Stock ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “perfect competition”? No-limit competition Atomistic competition Heterogeneous market Free-for-all competition No-limit competition Atomistic competition Heterogeneous market Free-for-all competition ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due plus P2,000 more for 2 years at 8%. What is the lump sum due? P 3,250.34 P 3,270.34 P 3,260.34 P 3,280.34 P 3,250.34 P 3,270.34 P 3,260.34 P 3,280.34 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money? 0.0914 0.0941 0.0931 0.0901 0.0914 0.0941 0.0931 0.0901 ANSWER DOWNLOAD EXAMIANS APP
EXAMIANS