Engineering Economics What is considered as the basic consuming or demanding unit of a commodity? Manufacturer Buyer or consumer Seller Producer Manufacturer Buyer or consumer Seller Producer ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan? P 6,999.39 P 6,222.39 P 6,292.93 P 6,922.93 P 6,999.39 P 6,222.39 P 6,292.93 P 6,922.93 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the element of the cost from the following: Direct labour All of these Over head Direct material Direct labour All of these Over head Direct material 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 demand Law of diminishing return Law of supply and demand Law of supply Law of demand Law of diminishing return Law of supply and demand Law of supply ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the present worth of cost associated with an asset for an infinite period of time? Operating cost Capitalized cost Increment cost Annual cost Operating cost Capitalized cost Increment cost Annual cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “unit method” for computing depletion? Factor method Percentage method Sinking fund method Initial cost method Factor method Percentage method Sinking fund method Initial cost method ANSWER DOWNLOAD EXAMIANS APP
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