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Engineering Economics

Engineering Economics
What refers to the need, want or desire for a product backed by the money to purchase it?

Demand
Good
Product
Supply

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Engineering Economics
What is an index of short-term paying ability?

Profit margin ratio
Price-earnings ratio
Gross margin
Current ratio

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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.

Ordinary monopoly
Perfect monopoly
Bilateral monopoly
Natural monopoly

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Engineering Economics
A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand?

1.4 hours per unit
1.2 hours per unit
1.6 hours per unit
1.0 hour per unit

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Engineering Economics
An amount of P1,000 becomes P1,608.44 after 4 years compounded bimonthly. Find the nominal interest.

0.1208
0.12
0.1232
0.1189

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

Cash or check
Foreign exchange
Currency
Monetary unit

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