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 and demand Law of demand Law of supply Law of diminishing return Law of supply and demand Law of demand Law of supply Law of diminishing return ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Capitalized cost of any structure or property is computed by which formula? Annual cost – interest of first cost First cost + salvage value First cost + cost of perpetual maintenance First cost + interest of first cost Annual cost – interest of first cost First cost + salvage value First cost + cost of perpetual maintenance First cost + interest of first cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the correct reason for making conceptual (or preliminary) estimate from the following: All of these To check quotations from contractors and/or sub-contractors To compute target estimate for the owner while drawing and specifications are in initial stage To have a check on a definitive cost estimate All of these To check quotations from contractors and/or sub-contractors To compute target estimate for the owner while drawing and specifications are in initial stage To have a check on a definitive cost estimate ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A construction estimate is used To decide an approximation of the value of the project and not the exact cost To produce a statement of the approximate cost None of these To judge tentatively or approximate value of the project To decide an approximation of the value of the project and not the exact cost To produce a statement of the approximate cost None of these To judge tentatively or approximate value of the project ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What are the common methods of computing depletion charge? Unit method and percentage method Discrete method and depletion allowance method Conservative method and conventional method Rational method and irrational method Unit method and percentage method Discrete method and depletion allowance method Conservative method and conventional method Rational method and irrational method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the negotiable claim issued by a bank in lien of a term deposit? Certificate of deposit Bond Time deposit Capital gain certificate Certificate of deposit Bond Time deposit Capital gain certificate ANSWER DOWNLOAD EXAMIANS APP
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