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Engineering Economics

Engineering Economics
If there is only one seller and many buyers, the market situation is ________ .

Monopoly
Oligopsony
Duopsony
Oligopoly

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Engineering Economics
What refers to the goods and services that are required to support human life, needs and activities?

Producer products
Luxury
Consumer products
Necessity

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Engineering Economics
Under ordinary simple interest, how many days in one year?

365
300
360
366

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Engineering Economics
If a seller recovers his capital along with accumulated compensating interest not in one single lump-sum payment but in periodical equal payments, over time:

Capital Recovery Annuity fs availed
Sinking Fund Annuity is availed
Sinking Fund Annuity is availed
Present work Annuity is availed

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Engineering Economics
The first cost to be incurred if the piece of equipment now in place had been bought for a second hand dealer or some other business is called ______.

Fixed cost
First cost
In-place value
Material cost

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Engineering Economics
A VOM has a selling price of P 400. If its selling price is expected to decline at a rate of 10% per annum due to obsolescence, what will be its selling price after 5 years?

P 222.67
P 236.20
P 231.56
P 212.90

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