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 supply Law of diminishing return Law of demand Law of supply and demand Law of supply Law of diminishing return Law of demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The ratio of the net income before taxes to net sales is called ______. Current ratio Price-earnings ratio Inventory turnover Profit margin ratio Current ratio Price-earnings ratio Inventory turnover Profit margin ratio ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where 8% is the rate of interest per year Money is borrowed for n = 7 years Neither (A) nor (B) Both (A) and (B) 8% is the rate of interest per year Money is borrowed for n = 7 years Neither (A) nor (B) Both (A) and (B) ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Perfect monopoly exists only if: the single vendor gets the absolute franchise of the product the single vendor is the only one who has the knowledge 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 gets the absolute franchise of the product the single vendor is the only one who has the knowledge 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 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Capitalized cost of a project is also known as ______. Life cycle cost Life cost Infinite cost Project cost Life cycle cost Life cost Infinite cost Project cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to an imaginary cost representing what will not be received if a particular strategy is rejected? Ghost cost Horizon cost Opportunity cost Null cost Ghost cost Horizon cost Opportunity cost Null cost ANSWER DOWNLOAD EXAMIANS APP
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