Apsc 221 - Study guides, Class notes & Summaries

APSC 221 MC Question and answers already passed 2024/2025 APSC 221 MC The general price-demand relationship can be expressed as a linear function. (T/F) - correct answer True A license fee is an example of an incremental cost. (T/F) - correct answer False One reason why perfect monopolies rarely occur in practice is because: a) few products are so unique that substitutes cannot be used. b) a large number of vendors can supply the same product. c) additional suppl

APSC 221 Question and answers already passed 2024/2025 APSC 221 Sunk costs should be included in an engineering economic analysis - correct answer False Decisional equivalence is a consequence of the ________ on the part of a decision maker among available choices. a. indifference b. market analysis c. study of general economic activity levels within an industry d. understanding - correct answer a. indifference T/F: Efficiency means achieving the organizatio...

APSC 221 Question and answers correcty solved 2024/2025 APSC 221 - ENGINEERING ECONOMICS Queen's University fixed costs - correct answer those unaffected by changes in activity level over a feasible range of operations for the capacity/capability available variable costs - correct answer those associated with an operation that vary with the quantity of output or other measures of activity level incremental costs - correct answer the additional cost (or revenue) that results f...

APSC 221 FINAL Question and answers verified to pass 2024/2025 APSC 221 FINAL The general Price-Demand relationship can be expressed as a linear function. (T/F) - correct answer True When alternatives for accomplishing a specific task are being compared over one year or less (time value of money is ignored) they can be referred to as: - correct answer Present economy studies One reason why perfect monopolies rarely occur in practice is because: - correct answer Few products are ...

APSC 221 Question and answers rated A+ 2024/2025 APSC 221 (T/F)A license fee is an example of an incremental cost. - correct answer False (T/F) The general Price-Demand relationship can be expressed as a linear function. - correct answer True One reason why perfect monopolies rarely occur in practice is because: a) Few products are so unique that substitutes cannot be used. b) A large number of vendors can supply the same product. c) Additional suppliers can enter the marker fre...

APSC 221 Midterm 2 Flashcards Question and answers rated A+ 2024/2025 APSC 221 Midterm 2 Flashcards Taxes - correct answer - The most significant kind of tax of economic comparisons is income tax - Income taxes provide governments a portion of net income received by an individual or corporation - Income taxes are the main source of revenue for federal and provincial governments and pay for social services, health services, infrastructure such as highways and dams, the military and other ...

APSC 221 Questions with complete solution 2024/2025 APSC 221 (Ozz) Sunk costs should be included in an engineering economic analysis. - correct answer False ________ are costs that are difficult to attribute or allocate to a specific output or work activity. - correct answer Indirect costs Your company must decide what to do with an old pump it purchased 12 years ago. The pump hasn't been used for two years and is now in storage. You have collected the following data; Purchas...

APSC 221 Midterm 1 Question and answers correctly solved 2024/2025 APSC 221 Midterm 1, MC Qs Sunk costs should be included in an engineering economic analysis. T or F - correct answer False The arrow on the graph is pointing to the breakeven point. T or F - correct answer True _______ are costs that are difficult to attribute or allocate to a specific output or work activity. Standard costs Indirect costs Variable costs Sunk costs - correct answer Indirect costs One reas...

APSC 221 Question and answers rated A+ 2024/2025 APSC 221 The CCA system specifies the (INSERT) rate a firm can use to depreciate its assets for tax purposes, known as the CCA rate - correct answer Maximum The general Price-Demand relationship can be expressed as a linear function. - correct answer True A license fee is an example of an incremental cost. - correct answer False What alternatives for accomplishing a specific task are being compared over one year or less they can...

APSC 221 Final Exam Question and answers verified to pass 2024/2025 APSC 221 Final Exam Working capital refers to the funds required for current assets that are needed for the start-up and support of operational activities. (T/F) - correct answer True A license fee is an example of an incremental cost. (T/F) - correct answer False One reason why perfect monopolies rarely occur in practice is because: a) Few products are so unique that substitutes cannot be used. b) A large nu...