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 diminishing return 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 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If ‘a’ is the base amount expenditure, ‘b’ is the increase in the operation cost each year over a period of’ 'n’ years, the total cost of maintenance is: a - (n - 1) b a + (n - 1) b a + (n + 1) b a × (n - 1) b a - (n - 1) b a + (n - 1) b a + (n + 1) b a × (n - 1) b ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What type of bond whose guaranty is in lien on railroad equipment, such as freight and passenger cars, locomotives, etc.? Equipment trust bond Railroad bond Equipment bond Equipment obligation bond Equipment trust bond Railroad bond Equipment bond Equipment obligation bond ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the exchange mechanism that brings together the sellers and the buyers of a product, factor of production or financial security? Office Store Market Mall Office Store Market Mall ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is a market situation whereby there is only one buyer of an item for which there is no goods substitute? Monopoly Oligopsony Monopsony Oligopoly Monopoly Oligopsony Monopsony Oligopoly ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%. P1,945.64 P1,459.64 P1,345.98 P1,549.64 P1,945.64 P1,459.64 P1,345.98 P1,549.64 ANSWER DOWNLOAD EXAMIANS APP
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