Engineering Economics What is the change in cost per unit variable change called? Supplemental cost Fixed cost Incremental cost Variable cost Supplemental cost Fixed cost Incremental cost Variable cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics “When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the: Law of demand Law of supply and demand Law of diminishing return Law of supply Law of demand Law of supply and demand Law of diminishing return Law of supply ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What market situation exists where there is only one buyer and only one seller? Bilateral monopoly Monopoly Monopsony Bilateral monopsony Bilateral monopoly Monopoly Monopsony Bilateral monopsony ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the type of annuity where the first payment does not begin until some later date in the cash flow? Annuity due Deferred annuity Perpetuity Ordinary annuity Annuity due Deferred annuity Perpetuity Ordinary annuity 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)(1/2n) (1 + i)n None of these √(n + i) (1 + i)(1/2n) (1 + i)n None of these ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics An association of two or more persons for the purpose of engaging into a business for profit is called ______. Entrepreneurship Partnership Proprietorship Corporation Entrepreneurship Partnership Proprietorship Corporation ANSWER DOWNLOAD EXAMIANS APP
EXAMIANS