Engineering Economics What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied? Necessity Consumer products Luxury Producer products Necessity Consumer products Luxury Producer products ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the factor name of the formula [i(1+i)^n]/[((1+i)^n)-1]? Uniform gradient future worth Uniform series sinking fund Capital recovery Single payment present worth Uniform gradient future worth Uniform series sinking fund Capital recovery Single payment present worth ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defines as the analysis and evaluation of the monetary consequences by using the theories and principles of economics to engineering applications, designs and projects? Engineering economy Design cost analysis Engineering cost analysis Economic Analysis Engineering economy Design cost analysis Engineering cost analysis Economic Analysis ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the main purpose of project cost control from the following: To signal immediate warning of uneconomic operations To provide a feed back to the estimator All of these To promote cost consciousness To signal immediate warning of uneconomic operations To provide a feed back to the estimator All of these To promote cost consciousness ANSWER DOWNLOAD EXAMIANS APP
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? Sum-of-year digit method Straight line method Sinking fund method Declining balance method Sum-of-year digit method Straight line method Sinking fund method Declining balance method 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 diminishing return Law of supply and demand Law of supply Law of demand Law of diminishing return Law of supply and demand Law of supply Law of demand ANSWER DOWNLOAD EXAMIANS APP
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