Engineering Economics What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want? Goods or commodities Goods Commodities Services Goods or commodities Goods Commodities Services ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Duopsony is a market situation where there is/are: One seller and few buyers Few sellers and many buyers Few sellers and few buyers Many sellers and few buyers One seller and few buyers Few sellers and many buyers Few sellers and few buyers Many sellers and few buyers ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If ‘P’ is principal amount, ‘I’ is the rate of interest per annum and ‘n’ is the number of periods in years, the compound amount factor (CAF) is: √(n + i) (1 + i)n None of these (1 + i)(1/2n) √(n + i) (1 + i)n None of these (1 + i)(1/2n) ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is a stock of a product which is held by a trade body or government as a means of regulating the price of that product? Withheld stock Hoard stock Buffer stock Stock pile Withheld stock Hoard stock Buffer stock Stock pile ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The owner of the construction company makes use of the estimate: To determine the capital investment costs All of these To determine economic feasibility of the project To assist in financial arrangements To determine the capital investment costs All of these To determine economic feasibility of the project To assist in financial arrangements ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Salvage value is sometimes known as ______. Second-hand value Scrap value Junk value Going value Second-hand value Scrap value Junk value Going value ANSWER DOWNLOAD EXAMIANS APP
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