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 and demand Law of diminishing return Law of supply Law of demand Law of supply and demand Law of diminishing return Law of supply Law of demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The estimate based on a detailed quantity survey and furnishes the most accurate and reliable estimate possible is known as Probabilistic estimate Definitive estimate Conceptual estimate None of these Probabilistic estimate Definitive estimate Conceptual estimate None of these ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the term for an annuity with a fixed time span? Annuity certain Ordinary annuity Perpetuity Annuity due Annuity certain Ordinary annuity Perpetuity Annuity due ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest? 0.25 0.235 0.258 0.247 0.25 0.235 0.258 0.247 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics All are classified under direct labor expenses EXCEPT one. Which one? Testing cost Assembly cost Inspection cost Supervision cost Testing cost Assembly cost Inspection cost Supervision cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Which is true about corporation? The minimum number of incorporators to start a corporation is three. Its life is dependent on the lives of the incorporators. It is worse type of business organization. The stock holders of the corporation are only liable to the extent of their investments. The minimum number of incorporators to start a corporation is three. Its life is dependent on the lives of the incorporators. It is worse type of business organization. The stock holders of the corporation are only liable to the extent of their investments. ANSWER DOWNLOAD EXAMIANS APP
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