Contents
1 Engineering Economy: A Prologue
1.1 Consumer and Producer Goods and Services
1.2 Necessities, Luxuries, and Relation Between Price and Demand
1.3 Competition or Market Structure
1.4 Relation Between Total Revenue and Demand
1.6 Relationship between Cost and Volume
1.7 The Law of Supply and Demand
1.8 The Law of Diminishing Marginal Returns
2 Fundamentals of Mathematics and Engineering Economics
2.2 Theory of Consumer Behaviour
2.3.2 Determinants of Price Elasticity
2.3.3 Income Elasticity of Demand
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