Engineering Economics What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal? Nominal rate of interest Compound interest Simple interest Effective rate of interest Nominal rate of interest Compound interest Simple interest Effective rate of interest ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Aside from many sellers and many buyers, which one is a characteristic of perfect competition? Perfect information and absence of all economic friction All of these Free market entry and exit Homogeneous product Perfect information and absence of all economic friction All of these Free market entry and exit Homogeneous product ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the present worth of cost associated with an asset for an infinite period of time? Capitalized cost Annual cost Increment cost Operating cost Capitalized cost Annual cost Increment cost Operating cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due plus P2,000 more for 2 years at 8%. What is the lump sum due? P 3,260.34 P 3,280.34 P 3,250.34 P 3,270.34 P 3,260.34 P 3,280.34 P 3,250.34 P 3,270.34 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now? 11 months 12 months 13 months 10 months 11 months 12 months 13 months 10 months ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The construction manager uses the estimate of the project To control the project during its construction To tell the owner of the project to take his/her financial decision To develop bids on the project All of these To control the project during its construction To tell the owner of the project to take his/her financial decision To develop bids on the project All of these ANSWER DOWNLOAD EXAMIANS APP
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