Engineering Economics
What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want?

Services
Goods
Commodities
Goods or commodities

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Engineering Economics
A leading shoe manufacturer produces a pair of Lebron James signature shoes at a labor cost of P 900.00 a pair and a material cost of P 800.00 a pair. The fixed charges on the business are P 5,000,000 a month and the variable costs are P 400.00 a pair. Royalty to Lebron James is P 1,000 per pair of shoes sold. If the shoes sell at P 5,000 a pair, how many pairs must be produced each month for the manufacturer to break-even?

2,632
2,890
2.590
2,712

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