The expense of labor and materials must be equal to or less than value if the construction of a building is economically feasible.

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Multiple Choice

The expense of labor and materials must be equal to or less than value if the construction of a building is economically feasible.

Explanation:
Economic feasibility means the project must be worth more than or equal to what it costs to build. The labor and materials are core parts of construction costs, so if those costs are greater than the value the finished building can command (its market value or expected income/value), the project isn’t financially viable. So the expense being equal to or less than value is the condition that makes construction economically feasible. Location affects value, but the basic feasibility principle holds: costs should not exceed the value the building will produce.

Economic feasibility means the project must be worth more than or equal to what it costs to build. The labor and materials are core parts of construction costs, so if those costs are greater than the value the finished building can command (its market value or expected income/value), the project isn’t financially viable. So the expense being equal to or less than value is the condition that makes construction economically feasible. Location affects value, but the basic feasibility principle holds: costs should not exceed the value the building will produce.

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