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Engineering Economics

Engineering Economics
What type of bond which can be redeemed before maturity date?

Incorporators bond
Callable bond
Registered bond
Preferred bond

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Engineering Economics
“Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the:

Law of demand
Law of diminishing return
Law of supply and demand
Law of supply

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Engineering Economics
The unrecovered depreciation which results due to poor estimates as to the life of the equipment is called ______.

Economic life
In-place value
Annuity
Sunk cost

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Engineering Economics
Annuities involve:

All payments of equal amount
A series of payments
Payment at equal time intervals
All of these

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Engineering Economics
What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want?

Goods
Goods or commodities
Commodities
Services

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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
Natural monopoly
Bilateral monopoly
Perfect monopoly

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