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 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 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 All of these To compute target estimate for the owner while drawing and specifications are in initial stage To have a check on a definitive cost estimate To check quotations from contractors and/or sub-contractors All of these 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 What refers to the goods and services that are required to support human life, needs and activities? Necessity Consumer products Luxury Producer products Necessity Consumer products Luxury Producer products ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Present worth Annuity (PWA) is generally known as Future annuities All of these Income annuities Premium annuities Future annuities All of these Income annuities Premium annuities ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Using factor method, the depletion at any given year is equal to: Initial cost of property divided by the number of units sold during the year Initial cost of property times number of unit sold during the year divided by the total units in property Initial cost of property times number of units sold during the year Initial cost of property divided by the total units in property Initial cost of property divided by the number of units sold during the year Initial cost of property times number of unit sold during the year divided by the total units in property Initial cost of property times number of units sold during the year Initial cost of property divided by the total units in property ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually? P 7,654.04 P 7,731.29 P 7,590.12 P 7,420.89 P 7,654.04 P 7,731.29 P 7,590.12 P 7,420.89 ANSWER DOWNLOAD EXAMIANS APP
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