Engineering Economics What is a market situation whereby there is only one buyer of an item for which there is no goods substitute? Monopoly Oligopsony Oligopoly Monopsony Monopoly Oligopsony Oligopoly Monopsony ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics “When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the: Law of diminishing return Law of supply Law of supply and demand Law of demand Law of diminishing return Law of supply Law of supply and demand Law of demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities. Entrepreneurship Partnership Sole proprietorship Corporation Entrepreneurship Partnership Sole proprietorship Corporation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The ability to meet debts as they become due is known as ______. Leverage Insolvency Solvency Liquidity Leverage Insolvency Solvency Liquidity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics In a cash-flow diagram: All of these A vertical arrow pointing up indicates a positive cash flow Time 0 is considered to be the present Time 1 is considered to be the end of time period 1 All of these A vertical arrow pointing up indicates a positive cash flow Time 0 is considered to be the present Time 1 is considered to be the end of time period 1 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The first cost to be incurred if the piece of equipment now in place had been bought for a second hand dealer or some other business is called ______. In-place value Fixed cost Material cost First cost In-place value Fixed cost Material cost First cost ANSWER DOWNLOAD EXAMIANS APP
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