Engineering Economics What is a market situation whereby there is only one buyer of an item for which there is no goods substitute? Monopoly Oligopoly Oligopsony Monopsony Monopoly Oligopoly Oligopsony Monopsony 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? 1.6 hours per unit 1.2 hours per unit 1.4 hours per unit 1.0 hour per unit 1.6 hours per unit 1.2 hours per unit 1.4 hours per unit 1.0 hour per unit ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What market situation exists where there are few sellers and few buyers? Oligopoly Bilateral oligopoly Bilateral Oligopsony Oligopsony Oligopoly Bilateral oligopoly Bilateral Oligopsony Oligopsony ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the amount of a product made available for sale? Product Demand Supply Good Product Demand Supply Good ANSWER DOWNLOAD EXAMIANS APP
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 demand Law of supply and demand Law of diminishing return Law of supply Law of demand Law of supply and demand Law of diminishing return ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year? P702.15 P700.12 P705.42 P693.12 P702.15 P700.12 P705.42 P693.12 ANSWER DOWNLOAD EXAMIANS APP
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