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 supply and demand Law of demand Law of supply Law of diminishing return Law of supply and demand Law of demand Law of supply Law of diminishing return ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually? P 7,731.29 P 7,420.89 P 7,590.12 P 7,654.04 P 7,731.29 P 7,420.89 P 7,590.12 P 7,654.04 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the negotiable claim issued by a bank in lien of a term deposit? Certificate of deposit Capital gain certificate Time deposit Bond Certificate of deposit Capital gain certificate Time deposit Bond ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If ‘P’ is principal amount, ‘i’ is the rate of interest and ‘n’ is the number of periods in years, then the interest factor is: None of these ni (1 + ni) (ni - 1) None of these ni (1 + ni) (ni - 1) ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “unit method” for computing depletion? Percentage method Factor method Sinking fund method Initial cost method Percentage method Factor method Sinking fund method Initial cost method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Annuities involve: A series of payments Payment at equal time intervals All of these All payments of equal amount A series of payments Payment at equal time intervals All of these All payments of equal amount ANSWER DOWNLOAD EXAMIANS APP
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