Engineering Economics
What refers to the saving which takes place because goods are not available for consumption rather than consumer really want to save?

Compulsory saving
Forced saving
Consumer saving
All of these

ANSWER DOWNLOAD EXAMIANS APP

Engineering Economics
A leading shoe manufacturer produces a pair of Lebron James signature shoes at a labor cost of P 900.00 a pair and a material cost of P 800.00 a pair. The fixed charges on the business are P 5,000,000 a month and the variable costs are P 400.00 a pair. Royalty to Lebron James is P 1,000 per pair of shoes sold. If the shoes sell at P 5,000 a pair, how many pairs must be produced each month for the manufacturer to break-even?

2,712
2.590
2,632
2,890

ANSWER DOWNLOAD EXAMIANS APP

Engineering Economics
Perfect monopoly exists only if:

the single vendor gets the absolute franchise of the product
the single vendor is the only one who has the permit to sell
the single vendor is the only one who has the knowledge of the product
the single vendor can prevent the entry of all other vendors in the market

ANSWER DOWNLOAD EXAMIANS APP