
Basics of Engineering Economy 1st Edition by Leland Blank,Anthony Tarquin
Edition 1ISBN: 9780073401294
Basics of Engineering Economy 1st Edition by Leland Blank,Anthony Tarquin
Edition 1ISBN: 9780073401294 Exercise 17
In January 2007, the ENR 20-city construction common labor index had a value of 16,520.53 and the wage rate was $1.39 per hour.Assuming that labor rates increased in proportion to the common labor index, what was the common labor wage rate per hour in 1913 when the common labor index had a value of 100?
Explanation
Cost index for the two specified period ...
Basics of Engineering Economy 1st Edition by Leland Blank,Anthony Tarquin
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