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What is the scope of managerial economics in the field of engineering?
Wiki User
∙ 11y ago
costs:- technology has multi-dimensional impact on costs, one hand technology determines what combination of various factor is to be used e.g capital -intensive technology or labor intensive technology
Wiki User
∙ 11y ago
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What is engineering economics and what is the nature and scope of it in engineering perspective?
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Explain nature and scope of business economics?
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