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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
Monopsony
Monopoly
Oligopsony

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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.

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

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Engineering Economics
How long will it take money to double itself if invested at 5% compounded annually?

13.7 years
14.2 years
15.3 years
14.7 years

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Engineering Economics
In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes?

Straight line method
Declining balance method
Sinking fund method
Sum-of-year digit method

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Engineering Economics
All are classified under direct labor expenses EXCEPT one. Which one?

Inspection cost
Supervision cost
Assembly cost
Testing cost

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Engineering Economics
If there are many sellers and few buyers, the market situation is _________ .

Duopsony
Oligopoly
Monopoly
Oligopsony

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