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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
Manufacturer
Seller

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Engineering Economics
Duopoly is a market situation where there is/are:

Few sellers and many buyers
One seller and few buyers
Few sellers and few buyers
Many sellers and few buyers

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

Duopsony
Monopoly
Oligopsony
Oligopoly

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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 ______.

Effective interest
Expected return
Economic return
Nominal interest

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Engineering Economics
The ability to meet debts as they become due is known as ______.

Leverage
Liquidity
Solvency
Insolvency

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Engineering Economics
ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method.

8 years
7 eyars
9 years
10 years

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