Computer · Engineering Economics
Which of the following statements is NOT correct regarding engineering economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Engineering economy is a collection of mathematical techniques which simplify economic comparisons.
- 2Engineering economy guarantees a profit regardless of changes in market demands.✓
- 3Engineering economy is a decision assistance tool by which one method will be chosen as the most economical one.
- 4For understanding the engineering economy, one should be able to classify the basic terminology and fundamental concepts of economy.
Correct answer
Engineering economy guarantees a profit regardless of changes in market demands.
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