Introduction to Engineering Economy

Introduction to Engineering Economy

University

10 Qs

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Introduction to Engineering Economy

Introduction to Engineering Economy

Assessment

Quiz

Mathematics

University

Practice Problem

Medium

CCSS
8.EE.C.7B, HSF-IF.C.8B

Standards-aligned

Created by

AUBREY MATRE

Used 36+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

_______ is the discipline concerned with the economic aspect of engineering.

Engineering Economy

Engineering Economics

Engineering

Economy

2.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

______ is the application of economic techniques to the evaluation of engineering alternatives

Engineering

Engineering Economy

Engineering Economics

Econnomy

3.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

A situation where a service is supplied by a number of vendors, and there is nothing to prevent additional vendors

Monopoly

Perfect Competition

Oligopoly

Market

4.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

there are few suppliers of service that action by one will result in similar action by the others

Monopoly

Perfect Competition

Oligopoly

Market

5.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

“…the quantity purchased varies inversely with price.”

Law of Diminishing Returns

Law of Demand

Law of Supply and Demand

Law of Supply

6.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

the sum of fixed capital and working capital which is being put up in a project with the aim of getting a profit

Demand

Investments

Supply

Interest

Tags

CCSS.8.EE.C.7B

7.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Economic law that relates the producer service and cost of service

Law of Supply and Demand

Law of Diminishing Returns

Law of Demand

Law of Supply

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