Which of the following statements is not one of the four fundamental principles of engineering economics?(a) Receiving a dollar today is worth more than a dollar received in the future.(b) To expect a higher return on investment, you need to tnke a higher risk.(c) Marginal revenue must exceed marginal cost to justify any production.(d) When you are comparing different alternatives. you must not focus only differences in alternatives.
Which of the following statements is not one of the four fundamental principles of engineering economics?(a) Receiving a dollar today is worth more than a dollar received in the future.(b) To expect a higher return on investment, you need to tnke a higher risk.(c) Marginal revenue must exceed marginal cost to justify any production.(d) When you are comparing different alternatives. you must not focus only differences in alternatives.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following statements is not one of the four fundamental principles of
(a) Receiving a dollar today is worth more than a dollar received in the future.
(b) To expect a higher return on investment, you need to tnke a higher risk.
(c) Marginal revenue must exceed marginal cost to justify any production.
(d) When you are comparing different alternatives. you must not focus only differences in alternatives.
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