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 Law of supply and demand Law of diminishing return Law of demand Law of supply Law of supply and demand Law of diminishing return Law of demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Annuities involve: A series of payments All of these Payment at equal time intervals All payments of equal amount A series of payments All of these Payment at equal time intervals All payments of equal amount ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Using factor method, the depletion at any given year is equal to: Initial cost of property times number of unit sold during the year divided by the total units in property Initial cost of property divided by the total units in property Initial cost of property times number of units sold during the year Initial cost of property divided by the number of units sold during the year Initial cost of property times number of unit sold during the year divided by the total units in property Initial cost of property divided by the total units in property Initial cost of property times number of units sold during the year Initial cost of property divided by the number of units sold during the year ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics One banker’s year is equivalent to ______ days. 365 360 366 300 365 360 366 300 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method P 3,927.27 P 3,279.27 P 3,792.72 P 3,729.27 P 3,927.27 P 3,279.27 P 3,792.72 P 3,729.27 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 0.0901 0.0931 0.0914 0.0941 0.0901 0.0931 ANSWER DOWNLOAD EXAMIANS APP
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