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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 1
Identify the following factors as either economic (tangible) or noneconomic (intangible): first cost, leadership, taxes, salvage value, morale, dependability, inflation, profit, acceptance, ethics, interest rate.
Explanation
Verified
Verified
Engineering economics is a branch of economics which deals formulation, estimation and evaluation of alternatives and helps in decision making of choosing the alternatives. Many times, there are noneconomic factors as well which are considered in decision making.
Show the classification of given factors into economic and noneconomic as follows:
Show the classification of given factors into economic and noneconomic as follows:
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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