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Engineering Economics

Engineering Economics
What market situation exists where there are few sellers and few buyers?

Oligopsony
Bilateral oligopoly
Oligopoly
Bilateral Oligopsony

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Engineering Economics
Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note.

P18,900
P19,100
P19,000
P18,000

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Engineering Economics
In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset?

Straight line method
Declining balance method
Sum-of-year digit method
Sinking fund method

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Engineering Economics
The sunk costs include:

A past expenditure
An unrecovered balance
All of these
An invested capital that cannot be retrieved

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Engineering Economics
A ______ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition.

Perfect monopoly
Bilateral monopoly
Natural monopoly
Ordinary monopoly

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Engineering Economics
The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use Unit or Factor method in computing depletion.

5025000
5010000
5050000
5000000

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