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Lecture 1 Introduction To Engineering Economy PDF PDF

6 Pages·2020·English
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by ['Rheim Vibeth Dimacali']| 2020| 6 pages| English

About Lecture 1 Introduction To Engineering Economy PDF

The document provides an overview of engineering economics and key terminology. It discusses the basics of engineering economy, including how engineers must consider economic factors. It also defines important economic concepts like fixed and variable costs. Key terms related to costs are introduced, such as direct/indirect costs and sunk/opportunity costs. The economic environment and concepts of demand, necessities, luxuries, and elastic demand are also summarized.

Detailed Information

Author:['Rheim Vibeth Dimacali']
Publication Year:2020
Pages:6
Language:English
Format:PDF
Price:FREE
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