Engineering Economics
A leading shoe manufacturer produces a pair of Lebron James signature shoes at a labor cost of P 900.00 a pair and a material cost of P 800.00 a pair. The fixed charges on the business are P 5,000,000 a month and the variable costs are P 400.00 a pair. Royalty to Lebron James is P 1,000 per pair of shoes sold. If the shoes sell at P 5,000 a pair, how many pairs must be produced each month for the manufacturer to break-even?

2,890
2,712
2,632
2.590

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Engineering Economics
Which is NOT an essential element of an ordinary annuity?

The payments are made at equal interval of time.
The amounts of all payments are equal.
Compound interest is paid on all amounts in the annuity.
The first payment is made at the beginning of the first period.

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