Engineering Economics What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results? Functional depreciation Demand depreciation Design depreciation Physical depreciation Functional depreciation Demand depreciation Design depreciation Physical depreciation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days. 0.1931 0.1972 0.1944 0.1961 0.1931 0.1972 0.1944 0.1961 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the need, want or desire for a product backed by the money to purchase it? Product Demand Good Supply Product Demand Good Supply ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Duopsony is a market situation where there is/are: One seller and few buyers Many sellers and few buyers Few sellers and many buyers Few sellers and few buyers One seller and few buyers Many sellers and few buyers Few sellers and many buyers Few sellers and few buyers ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the correct method adopted for developing the approximate or conceptual estimates from the following: Cost per square metre All of these Base unit method Cost per function method Cost per square metre All of these Base unit method Cost per function method 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 diminishing return Law of supply Law of demand Law of supply and demand Law of diminishing return Law of supply Law of demand Law of supply and demand ANSWER DOWNLOAD EXAMIANS APP
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