Economics for Engineers MCQ Questions with Answers
1. In a decision tree arrows coming out of which node have probabilities
Answer : B
2. The present worth of an alternative is 0. What do we know about the value of the future worth ?
Answer : B
3. If the inflation rate is 6% per year and the market interest rate is known to be 15% per year. What is the implied real interest rate in this inflationary economy?
Answer : C
4. A machine worth Rs. 1,00,000 is purchase by paying Rs. 20,000 down payment and 12 monthly installments of Rs. 8,000 each. The book cost at time of purchase is
Answer : A
5. Which of the following statements is correct ?
Answer : A
Economics for Engineers MCQ
6. In decision making risk is measured by
Answer : C
7. The firm’s decision to invest its funds in fixed and long term assets is known as
Answer : B
8. Which of the following is not applicable to bottom-up approach to cost estimation ?
Answer : A
9. Costs reflected in accounting system only are callled
Answer : C
10. What is the relationship between Marginal Cost(MC) and Average Cost(AC) curves?
Answer : B
Economics for Engineers MCQ
11. To compute the updated cost of a boller of the asam capacity in a power plant, we use
Answer : C
12. The value of the Power-sizing Exponent(E) indicates Diseconomies of scale when
Answer : B
13. Learning Curve is applicable to the industries with
Answer : B
14. If in a power sizing model the power sizing index is greater than 1, then
Answer : A
15. A portion of the learning curve is
Answer : C
Economics for Engineers MCQ
16. What is the relation between the slopes of Total Cost(TC) and Total Revenue(TR) curves?
Answer : D
17. Sunk cost is
Answer : C
18. Which of the following is not applicable to bottom-up approach to cost estimation ?
Answer : A
19. Marginal cost curve cuts the Average Variable cost from
Answer : A
20. A person if deposits Rs. 50,000 in a bank at an interest of 10% compounded annually, then the future value at the end of 5 years will be
Answer : A
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