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 and demand Law of demand Law of supply Law of diminishing return Law of supply and demand Law of demand Law of supply 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? 2712 2.59 2632 2890 2712 2.59 2632 2890 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “current assets”? Ccash Non-liquid assets Liquid assets Fixed assets Ccash Non-liquid assets Liquid assets Fixed assets ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the main purpose of project cost control from the following: To promote cost consciousness All of these To signal immediate warning of uneconomic operations To provide a feed back to the estimator To promote cost consciousness All of these To signal immediate warning of uneconomic operations To provide a feed back to the estimator ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Perfect monopoly exists only if: the single vendor can prevent the entry of all other vendors in the market 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 gets the absolute franchise of the product the single vendor can prevent the entry of all other vendors in the market 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 gets the absolute franchise of the product ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes? Sinking fund method Straight line method Declining balance method Sum-of-year digit method Sinking fund method Straight line method Declining balance method Sum-of-year digit method ANSWER DOWNLOAD EXAMIANS APP
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