Engineering Economics What are the two classifications of goods and services? Raw and finished Local and imported Ready-made and made-to-order Consumer and producer Raw and finished Local and imported Ready-made and made-to-order Consumer and producer ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand? 1.0 hour per unit 1.4 hours per unit 1.6 hours per unit 1.2 hours per unit 1.0 hour per unit 1.4 hours per unit 1.6 hours per unit 1.2 hours per unit ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want? Services Goods or commodities Goods Commodities Services Goods or commodities Goods Commodities ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What market situation exists where there are few sellers and few buyers? Oligopsony Bilateral oligopoly Bilateral Oligopsony Oligopoly Oligopsony Bilateral oligopoly Bilateral Oligopsony Oligopoly ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A investor wishes to earn 7% on his capital after payment of taxes. If the income from an available investment will be taxed at an average rate of 42%, what minimum rate of return, before payment of taxes, must the investment offer to be justified? 0.1207 0.1234 0.1287 0.1267 0.1207 0.1234 0.1287 0.1267 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The sunk costs include: An invested capital that cannot be retrieved An unrecovered balance All of these A past expenditure An invested capital that cannot be retrieved An unrecovered balance All of these A past expenditure ANSWER DOWNLOAD EXAMIANS APP
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