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Engineering Economics

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

Seller
Producer
Buyer or consumer
Manufacturer

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Engineering Economics
Pick up the correct method adopted for developing the approximate or conceptual estimates from the following:

Cost per square metre
All of these
Cost per function method
Base unit method

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Engineering Economics
What refers to the need, want or desire for a product backed by the money to purchase it?

Supply
Good
Demand
Product

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Engineering Economics
Mr. David deposits Rs 1200 now, Rs 800 two years from now and Rs 1000 five years from now. If the savings bank's rate of interest in 5%, he will receive an amount of Rs X, 10 years from now, where ‘X’ is

Rs. 4826
Rs. 4413
Rs. 4225
Rs. 3415

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Engineering Economics
What is the market situation exist when there are many buyers and many sellers?

Oligopoly
Perfect competition
Monopoly
Oligopsony

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Engineering Economics
What is another term for “perfect competition”?

Heterogeneous market
Atomistic competition
No-limit competition
Free-for-all competition

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