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In: Economics

The most expensive highway project/public work in the U.S. is known as: [{Blank}] b. Systematic evaluation...

The most expensive highway project/public work in the U.S. is known as: [{Blank}] b. Systematic evaluation of economic merits of engineering solutions is: [{Blank}] c. Engineering project alternatives with the same economic worth are: [{Blank}] d. In the hierarchy of economic problems, engineering problems are considered to be: [{Blank}] e. In the process of engineering decision making, the first feasible alternative we should consider is: [{Blank}] f. If the input is fixed, then we should put our efforts towards maximizing: [{Blank}] g. Under the NSPE Code of Ethics, engineers, in fulfillment of their professional duties, shall perform services only [{Blank}] h. The point of intersection of revenue and cost functions is: [{Blank}] i. The benefit that is foregone after investing resources in a chose activity/ project instead of an alternative activity/project is: [{Blank}] j. Up to 70% of life cycle cost can be spent in the phases related to engineering project: [{Blank}]

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Expert Solution

The big dig is the most big highway project in U S.

b:- Engineering economics is the systematic evaluation of economic merits of engineering solutions.

C:-engineering project alternative with the same economic worth are the superior alternative will have the highest worth.

d:-it is considered as engineering economics.

e:-to identity the decision

F:-to maximize the level of performance.

G:-perform services only in their areas of competence.

H:-break even point is the point of intersection of cost and revenue.

I:-opportunity cost

J:-upfront building and design cost.


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