Engineering Economics What is another term for “perfect competition”? Heterogeneous market Free-for-all competition No-limit competition Atomistic competition Heterogeneous market Free-for-all competition No-limit competition Atomistic competition ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use Unit or Factor method in computing depletion. 5000000 5025000 5050000 5010000 5000000 5025000 5050000 5010000 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The project contractor relies on the cost of the estimate: All of these For preparation of a definitive estimate to help negotiate contract For a unit price contract For submission of a competitive bid for a lump-sum contract All of these For preparation of a definitive estimate to help negotiate contract For a unit price contract For submission of a competitive bid for a lump-sum contract ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If interest is paid more than once in a year, ‘i’ is the rate of interest per year, ‘n’ is the number of periods in years and ‘m’ is a number of periods per years, compound amount factor (CAF) is: (1 + i/m)n (1 + i/n)1/m (1 + i/n)m (1 + i/m)1/n (1 + i/m)n (1 + i/n)1/m (1 + i/n)m (1 + i/m)1/n ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is a stock of a product which is held by a trade body or government as a means of regulating the price of that product? Buffer stock Withheld stock Stock pile Hoard stock Buffer stock Withheld stock Stock pile Hoard stock ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The true value of interest rate computed by equations for compound interest for a 1 year period is known as ______. Nominal interest Expected return Economic return Effective interest Nominal interest Expected return Economic return Effective interest ANSWER DOWNLOAD EXAMIANS APP
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