Engineering Economics What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration? Producer Seller Buyer or consumer Manufacturer Producer Seller Buyer or consumer Manufacturer ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market? Oligopoly Perfect competition Monopoly Oligopsony Oligopoly Perfect competition Monopoly Oligopsony ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A farmer selling eggs at 50 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 12.5%, how much will be his new gain in percent? 0.0689 0.0658 0.0612 0.0665 0.0689 0.0658 0.0612 0.0665 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A manufacturer produces certain items at a labor cost of P 115 each, material cost of P 76 each and variable cost of P 2.32 each. If the item has a unit price of P 600, how many units must be manufactured each month for the manufacturer to break even if the monthly overhead is P428,000 1033 1053 1037 1043 1033 1053 1037 1043 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Shell Philippines, a multinational company, has a total gross income for a particular year of P 50,000,000. The taxable income after taking all deductions except for depletion is P 18,500,000. What is the allowable depletion allowance for that particular year? Take percentage of gross income for oil as 22%. P 9,250.00 P 9,358.41 P 9,308.45 P 9,228.45 P 9,250.00 P 9,358.41 P 9,308.45 P 9,228.45 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “perfect competition”? Free-for-all competition No-limit competition Atomistic competition Heterogeneous market Free-for-all competition No-limit competition Atomistic competition Heterogeneous market ANSWER DOWNLOAD EXAMIANS APP
EXAMIANS