Introduction to Engineering Economy
Authored by AUBREY MATRE
Mathematics
University
CCSS covered
Used 36+ times
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10 questions
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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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