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QUESTION 2 In engineering economic analysis, an economic criterion is the basis of arranging outcomes of feasible alternative
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Answer: b

There may be several alternatives of setting aside money – suppose depositing money into bank at 14% rate of interest, or at 15% rate for longer periods.

In this way money could be increased in future.

The analysis should be made which such alternative gives the highest return.

The alternative has the highest return should be selected.

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