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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?

Good
Product
Demand
Supply

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Engineering Economics
Pick up the correct method adopted for developing the approximate or conceptual estimates from the following:

All of these
Cost per function method
Base unit method
Cost per square metre

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Engineering Economics
Duopoly is a market situation where there is/are:

Few sellers and many buyers
Many sellers and few buyers
One seller and few buyers
Few sellers and few buyers

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Engineering Economics
Both architect and engineer make use of the cost estimate of the project:

All of these
For choosing alternatives
For designing of the project
For site selection

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Engineering Economics
The sunk costs include:

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

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Engineering Economics
What is the factor name of the formula [i(1+i)^n]/[((1+i)^n)-1]?

Capital recovery
Uniform series sinking fund
Single payment present worth
Uniform gradient future worth

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