Engineering Economics “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the: Law of diminishing return Law of supply Law of supply and demand Law of demand Law of diminishing return Law of supply Law of supply and demand Law of demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note. P19,000 P19,100 P18,900 P18,000 P19,000 P19,100 P18,900 P18,000 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The more critical (or severe) test of the firm's liquidity can be judged by: Current ratio Liquidity ratio Acid-Test (or Quick) ratio Debts ratio Current ratio Liquidity ratio Acid-Test (or Quick) ratio Debts ratio ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Gross margin is the ratio of the gross profit to ______. Net sale Inventory turnover Quick assets Owner’s equity Net sale Inventory turnover Quick assets Owner’s equity ANSWER DOWNLOAD EXAMIANS APP
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 Law of supply and demand Law of diminishing return Law of demand Law of supply Law of supply and demand Law of diminishing return Law of demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “perfect competition”? Free-for-all competition Heterogeneous market Atomistic competition No-limit competition Free-for-all competition Heterogeneous market Atomistic competition No-limit competition ANSWER DOWNLOAD EXAMIANS APP
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