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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?

Oligopsony
Oligopoly
Monopoly
Monopsony

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Engineering Economics
Annuities involve:

All payments of equal amount
All of these
Payment at equal time intervals
A series of payments

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Engineering Economics
What refers to the goods and services that are required to support human life, needs and activities?

Consumer products
Luxury
Necessity
Producer products

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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?

0.0901
0.0914
0.0941
0.0931

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Engineering Economics
Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note.

P18,000
P19,100
P18,900
P19,000

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Engineering Economics
What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration?

Buyer or consumer
Manufacturer
Seller
Producer

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