Engineering Economics What is another term for “perfect competition”? Free-for-all competition No-limit competition Heterogeneous market Atomistic competition Free-for-all competition No-limit competition Heterogeneous market Atomistic competition ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Oligopoly exists when there is/are: Few sellers and many buyers Few sellers and few buyers One seller and few buyers Many sellers and few buyers Few sellers and many buyers Few sellers and few buyers One seller and few buyers Many sellers and few buyers 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 demand Law of supply and demand Law of supply Law of diminishing return Law of demand Law of supply and demand Law of supply ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The institute of Electronics and Communications Engineers of the Philippines (IECEP) is planning to put up its own building. Two proposals being considered are:A. The construction of the building now to cost P 400,000B. The construction of a smaller building now to cost P300,000 and at the end of 5 years, an extension to be added to cost P 200,000.By how much is proposal B more economical than proposal A if interest rate is 20% and depreciation to be neglected? P 19,122.15 P 19,423.69 P 19,624.49 P 19,518.03 P 19,122.15 P 19,423.69 P 19,624.49 P 19,518.03 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually? P 7,731.29 P 7,654.04 P 7,420.89 P 7,590.12 P 7,731.29 P 7,654.04 P 7,420.89 P 7,590.12 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A factory operator bought a diesel generator set for P 10,000.00 and agreed to pay the dealer uniform sum at the end of each year for 5 years at 8% interest compounded annually, that the final payment will cancel the debt for principal and interest. What is the annual payment? P 2,544.45 P 2,500.57 P 2,504.57 P 2,540.56 P 2,544.45 P 2,500.57 P 2,504.57 P 2,540.56 ANSWER DOWNLOAD EXAMIANS APP
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