ENGINEERING ECONOMICS
1. INTRODUCTION 1–14 1.1 Economics 1 1.1.1 Flow in an Economy 1 1.1.2 Law of Supply and Demand 2 1.2 Concept of Engineering Economics 4 1.2.1 Types of Efficiency 4 1.2.2 Definition and Scope of Engineering Economics 6 1.3 Elements of Costs 7 1.4 Other Costs/Revenues 8 1.4.1 Marginal Cost 8 1.4.2 Marginal Revenue 8 1.4.3 Sunk Cost 8 1.4.4 ...
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