The 3471 people residing in the state of Oz want their yellow brick road repaved. It could be repaved with standard asphalt f cost of $264433 or with shimmering gold asphalt for $8234121. The senator that represents Oz in the national legislature arg that the yellow brick road is a national treasure and a tourist attraction. As such, the senator argues that the nation of 499664 people should pay for the repaving. Round your answer to two decimals for all of the following questions. What is the cost per person if the national government pays What is the cost per person if the state of Oz pays for

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The 3471 people residing in the state of Oz want their yellow brick road repaved. It could be repaved with standard asphalt for a
cost of $264433 or with shimmering gold asphalt for $8234121. The senator that represents Oz in the national legislature argues
that the yellow brick road is a national treasure and a tourist attraction. As such, the senator argues that the nation of 4996645
people should pay for the repaving. Round your answer to two decimals for all of the following questions.
What is the cost per person if the national government pays
for gold asphalt?
What is the cost per person if the state of Oz pays for
gold asphalt?
$
/person
$
What is the cost per person if the state of Oz pays for
standard asphalt?
$
/person
/person
Transcribed Image Text:The 3471 people residing in the state of Oz want their yellow brick road repaved. It could be repaved with standard asphalt for a cost of $264433 or with shimmering gold asphalt for $8234121. The senator that represents Oz in the national legislature argues that the yellow brick road is a national treasure and a tourist attraction. As such, the senator argues that the nation of 4996645 people should pay for the repaving. Round your answer to two decimals for all of the following questions. What is the cost per person if the national government pays for gold asphalt? What is the cost per person if the state of Oz pays for gold asphalt? $ /person $ What is the cost per person if the state of Oz pays for standard asphalt? $ /person /person
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