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Engineering Economics

Engineering Economics
What is a market situation whereby there is only one buyer of an item for which there is no goods substitute?

Oligopoly
Oligopsony
Monopsony
Monopoly

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Engineering Economics
Which one of the following is not a construction estimate?

Definite estimate
Conceptual preliminary budget
None of these
Initial feasibility estimate

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Engineering Economics
What is a stock of a product which is held by a trade body or government as a means of regulating the price of that product?

Withheld stock
Buffer stock
Stock pile
Hoard stock

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Engineering Economics
Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest?

0.258
0.247
0.235
0.25

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Engineering Economics
Pick up the element of the cost from the following:

Over head
Direct material
Direct labour
All of these

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Engineering Economics
What is defined as the reduction or fall of the value of an asset due to constant use and passage of time?

Depreciation
Depletion
Inflation
Deflation

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