Question

You decide to buy a car. The following are some questions you have to answer with respect to your purchase. Which question is directly associated with engineering economics?

A) what colour?

B) what size?

C) CD player or tape player?

D) to lease or to own?

E) Ford or Toyota?

Answer 1

Answer: D) to lease or to own?

Engineering economics is a collection of techniques for quantitative analysis to select a preferable alternative from several technically viable firms.
What colour, or what brand or whether to take CD player or tape player are all the questions to be answered based on your personal choice. But, whether to lease it or to buy it requires economic analysis as to which will be more profitable. Hence,option (D) is correct.

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