The Accreditation Board for Engineering and Technology states that “engineering is the profession in which a knowledge of the mathematical and natural sciences gained by study, experience, and practice is applied with judgment to develop ways to utilize, economically, the materials and forces of nature for the benefit of mankind". From that statement, outline the THREE (3) importance of the engineering economy for engineers with an example of each point. OPEN

The Accreditation Board for Engineering and Technology states that “engineering is the profession in which a knowledge of the mathematical and natural sciences gained by study, experience, and practice is applied with judgment to develop ways to utilize, economically, the materials and forces of nature for the benefit of mankind". From that statement, outline the THREE (3) importance of the engineering economy for engineers with an example of each point. OPEN

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

(a)
is the profession in which a knowledge of the mathematical and natural sciences
gained by study, experience, and practice is applied with judgment to develop
ways to utilize, economically, the materials and forces of nature for the benefit of
mankind". From that statement, outline the THREE (3) importance of the
engineering economy for engineers with an example of each point. OPEN
The Accreditation Board for Engineering and Technology states that "engineering
ENDED C2

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