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ENGINEERING ECONOMICS

Engineering Economics
Duopoly is a market situation where there is/are:

Many sellers and few buyers
Few sellers and many buyers
One seller and few buyers
Few sellers and few buyers

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Engineering Economics
What is the present worth of two P 100 payments at the end of the third year and fourth year? The annual interest rate is 8%.

P 150.56
P 153.89
P 151.09
P 152.88

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Engineering Economics
What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market?

Perfect competition
Monopoly
Oligopsony
Oligopoly

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Engineering Economics
The functional depreciation is sometimes called ______.

Failure depreciation
Adolescence
Life depreciation
Demand depreciation

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Engineering Economics
What is the simplest form of business organization?

Corporation
Enterprise
Partnership
Sole proprietorship

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