Engineering Economics What refers to the residual value of a company’s assets after all outside liabilities (shareholders excluded) have been allowed for? Par value Dividend Equity Return Par value Dividend Equity Return 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 supply Law of diminishing return Law of supply and demand Law of demand Law of supply Law of diminishing return Law of supply and demand Law of demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Aside from many sellers and many buyers, which one is a characteristic of perfect competition? Homogeneous product Free market entry and exit All of these Perfect information and absence of all economic friction Homogeneous product Free market entry and exit All of these Perfect information and absence of all economic friction ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the opposite of perfect competition? Monopsony Oligopsony Monopoly Oligopoly Monopsony Oligopsony Monopoly Oligopoly ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is considered as the basic consuming or demanding unit of a commodity? Producer Buyer or consumer Manufacturer Seller Producer Buyer or consumer Manufacturer Seller ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics All the proceeds which are received by the business as a result of the sale of goods is called ______. Net income Gross income Total sales Net revenue Net income Gross income Total sales Net revenue ANSWER DOWNLOAD EXAMIANS APP
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