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 supply Law of supply and demand Law of demand Law of diminishing return Law of supply Law of supply and demand Law of demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The ratio of current assets to current liabilities is known as Current ratio Liquidity ratio Debts ratio Acid-Test (or Quick) ratio Current ratio Liquidity ratio Debts ratio Acid-Test (or Quick) ratio ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the present worth of cost associated with an asset for an infinite period of time? Capitalized cost Annual cost Operating cost Increment cost Capitalized cost Annual cost Operating cost Increment cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What market situation exists where there is only one buyer and only one seller? Bilateral monopoly Monopsony Bilateral monopsony Monopoly Bilateral monopoly Monopsony Bilateral monopsony Monopoly ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the goods and services that are required to support human life, needs and activities? Luxury Consumer products Producer products Necessity Luxury Consumer products Producer products Necessity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”. 0.1346 0.1315 0.1373 0.1332 0.1346 0.1315 0.1373 0.1332 ANSWER DOWNLOAD EXAMIANS APP
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