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HW3_Cost Concepts and Design Economics_EngEconomics
- Institution
- Rutgers University - New Brunswick/Piscataway
- Book
- Engineering Economy
Cost concepts refer to the various types of costs that are involved in a project, including direct costs (such as labor and materials) and indirect costs (such as overhead and administration expenses). These costs are analyzed and quantified in order to determine the total cost of a project. Unders...
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