Professional Documents
Culture Documents
Engineering Economy
Engineering Economy
Opposite of perfect competition. A perfect Consumer and Producer Good and Services
monopoly exists when a unique product or
service is available from a single vendor and
- Products are presented I a form of Goods
that vendor can prevent the entry of all
and Services.
others into the marker.
𝐼=𝑃𝑥𝑖𝑥𝑛
- Ordinary simple Interest
Computed on the basis of one banker’s
year which is, 1 = 12months, consisting of
30days.