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?

P 62.44
P37.56
P44.55
P54.66

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Engineering Economics
Perfect monopoly exists only if:

the single vendor can prevent the entry of all other vendors in the market
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 is the only one who has the permit to sell

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