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 Law of supply and demand Law of demand Law of diminishing return Law of supply Law of supply and demand Law of demand Law of diminishing return ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand? 1.0 hour per unit 1.2 hours per unit 1.6 hours per unit 1.4 hours per unit 1.0 hour per unit 1.2 hours per unit 1.6 hours per unit 1.4 hours per unit ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the present worth of the probable future net earnings? Total market value Going concern value Total fair value Earning value Total market value Going concern value Total fair value Earning value ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the correct reason for making conceptual (or preliminary) estimate from the following: To check quotations from contractors and/or sub-contractors To have a check on a definitive cost estimate All of these To compute target estimate for the owner while drawing and specifications are in initial stage To check quotations from contractors and/or sub-contractors To have a check on a definitive cost estimate All of these To compute target estimate for the owner while drawing and specifications are in initial stage ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What are the common methods of computing depletion charge? Unit method and percentage method Conservative method and conventional method Rational method and irrational method Discrete method and depletion allowance method Unit method and percentage method Conservative method and conventional method Rational method and irrational method Discrete method and depletion allowance method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank? P37.56 P54.66 P 62.44 P44.55 P37.56 P54.66 P 62.44 P44.55 ANSWER DOWNLOAD EXAMIANS APP
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