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Engineering Economics

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

Seller
Manufacturer
Buyer or consumer
Producer

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Engineering Economics
Capitalized cost of a project is also known as ______.

Project cost
Life cost
Infinite cost
Life cycle cost

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Engineering Economics
A ______ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition.

Perfect monopoly
Ordinary monopoly
Bilateral monopoly
Natural monopoly

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Engineering Economics
Pick up the element of the cost from the following:

All of these
Direct labour
Direct material
Over head

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Engineering Economics
What refers to the amount of a product made available for sale?

Supply
Good
Product
Demand

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Engineering Economics
Keeping in view, the feasibility order of magnitude, the preliminary, conceptual or budget estimates, are prepared by:

Architect/engineer
Construction manager
Construction manager
Owner himself/herself

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