What refers to the need want or desire for a product backed by the money to purchase it?

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Engineering Economy Mcqs
What refers to the need want or desired for a product service backed by the money to purchase it?
What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied?
What refers to the goods and services that are required to support human life needs and activities a producer products B consumer products C luxury D necessity?
What is the market situation exist when there are many buyers and many sellers?

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Q. What refers to the need, want or desire for a product backed by the money to purchase it ?

a. Supply

b. Demand

c. Product

d. Good

MCQs: What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want ?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: What are the two classifications of goods and services ?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want ?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: What is considered as the standard unit which forms the basis of a country’s domestic money supply ?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: What is defines as the analysis and evaluation of the monetary consequences by using the theories and principles of economics to engineering applications, designs and projects ?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: First Benchmark Publishing’s gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes ?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: A farmer selling eggs at 50 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 12.5%, how much will be his new gain in percent ?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: A feasibility study shows that a fixed capital investment of P10,000,000 is required for a proposed construction firm and an estimated working capital of P2,000,000. Annual depreciation is estimated to be10% of the fixed capital investment. Determine the rate of return on the total investment if the annual profit is P3,500,000?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now ?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: 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 ?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: A loan of P5,000 is made for a period of 15 months, at a simple interest rate of 15%, what future amount is due at the end of the loan period ?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount ?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: A investor wishes to earn 7% on his capital after payment of taxes. If the income from an available investment will be taxed at an average rate of 42%, what minimum rate of return, before payment of taxes, must the investment offer to be justified ?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest ?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: What is the ordinary interest on P1,500.50 for 182 days at 5.2% ?

Category: Civil Engineering Mcqs, Published by: teswesm

MCQs: A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money ?

Category: Civil Engineering Mcqs, Published by: teswesm

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What refers to the need want or desired for a product service backed by the money to purchase it?

Desire backed by the ability to pay and willingness to buy that commodity is called demand.

What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied?

Luxuries are those goods and services that are desired by human and will be acquired only after all the necessities have been satisfied.

What refers to the goods and services that are required to support human life needs and activities a producer products B consumer products C luxury D necessity?

Necessity goods are product and services that consumers will buy regardless of the changes in their income levels, therefore making these products less sensitive to income change. They are necessity for life. Hence, correct answer is option C.

What is the market situation exist when there are many buyers and many sellers?

Under perfect competition, there are many buyers and sellers, and prices reflect supply and demand.

refers desire product backed money purchase

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