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Engineering Economics

Engineering Economics
What is considered as the basic consuming or demanding unit of a commodity?

Buyer or consumer
Producer
Seller
Manufacturer

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Engineering Economics
What is defines as the analysis and evaluation of the monetary consequences by using the theories and principles of economics to engineering applications, designs and projects?

Engineering cost analysis
Economic Analysis
Engineering economy
Design cost analysis

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Engineering Economics
What is the factor name of the formula [i(1+i)^n]/[((1+i)^n)-1]?

Capital recovery
Single payment present worth
Uniform series sinking fund
Uniform gradient future worth

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Engineering Economics
One banker’s year is equivalent to ______ days.

365
300
360
366

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Engineering Economics
If there is only one seller and many buyers, the market situation is ________ .

Oligopoly
Monopoly
Duopsony
Oligopsony

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Engineering Economics
The true value of interest rate computed by equations for compound interest for a 1 year period is known as ______.

Nominal interest
Economic return
Effective interest
Expected return

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MORE MCQ ON Engineering Economics

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