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Engineering Economics

Engineering Economics
What market situation exists where there is only one buyer and only one seller?

Monopsony
Bilateral monopoly
Bilateral monopsony
Monopoly

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Engineering Economics
What is another term for “unit method” for computing depletion?

Factor method
Percentage method
Initial cost method
Sinking fund method

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Engineering Economics
Present worth Annuity (PWA) is generally known as

All of these
Future annuities
Income annuities
Premium annuities

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Engineering Economics
What is considered as the standard unit which forms the basis of a country’s domestic money supply?

Currency
Foreign exchange
Monetary unit
Cash or check

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Engineering Economics
Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest.

0.1029
0.1219
0.1154
0.1203

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Engineering Economics
The owner of the construction company makes use of the estimate:

To assist in financial arrangements
All of these
To determine the capital investment costs
To determine economic feasibility of the project

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