Engineering Economics
The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as ______.

Currency appreciation
Currency float
Currency depreciation
Currency devaluation

ANSWER DOWNLOAD EXAMIANS APP

Engineering Economics
Perfect monopoly exists only if:

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 is the only one who has the knowledge of the product
the single vendor gets the absolute franchise of the product

ANSWER DOWNLOAD EXAMIANS APP

Engineering Economics
A leading shoe manufacturer produces a pair of Lebron James signature shoes at a labor cost of P 900.00 a pair and a material cost of P 800.00 a pair. The fixed charges on the business are P 5,000,000 a month and the variable costs are P 400.00 a pair. Royalty to Lebron James is P 1,000 per pair of shoes sold. If the shoes sell at P 5,000 a pair, how many pairs must be produced each month for the manufacturer to break-even?

2,890
2,712
2,632
2.590

ANSWER DOWNLOAD EXAMIANS APP