Focus on the difference between feasible alternatives (Principle 2) Insulated concrete forms (ICF) can be used as a substitute for conventional wood framing in building construction. Heating and cooling bills will be about 40% less than in a similar wood-framed building in upstate New York. An ICF home will be approximately 20% more expensive to construct than a wood-framed home. For a typical 2,200 ft home costing $130 per ft to construct in upstate New York and costing $250 per month to heat and cool, how many months does it take for a 2,200 ft² ICF home to pay back its extra construction cost? D It will take months to pay back the extra ICF construction cost through monthly energy savings. (Round to the nearest whole number)

Focus on the difference between feasible alternatives (Principle 2) Insulated concrete forms (ICF) can be used as a substitute for conventional wood framing in building construction. Heating and cooling bills will be about 40% less than in a similar wood-framed building in upstate New York. An ICF home will be approximately 20% more expensive to construct than a wood-framed home. For a typical 2,200 ft home costing $130 per ft to construct in upstate New York and costing $250 per month to heat and cool, how many months does it take for a 2,200 ft² ICF home to pay back its extra construction cost? D It will take months to pay back the extra ICF construction cost through monthly energy savings. (Round to the nearest whole number)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter8: Cost Analysis

Section: Chapter Questions

Problem 2.2CE

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Question

Focus on the difference between feasible alternatives (Principle 2) Insulated concrete forms (ICF) can be used as a substitute for
conventional wood framing in building construction. Heating and cooling bills will be about 40% less than in a similar wood-framed building
in upstate New York. An ICF home will be approximately 20% more expensive to construct than a wood-framed home. For a typical 2,200
ft home costing $130 per ft to construct in upstate New York and costing $250 per month to heat and cool, how many months does it take
for a 2,200 ft² ICF home to pay back its extra construction cost?
D
It will take months to pay back the extra ICF construction cost through monthly energy savings. (Round to the nearest whole number)

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