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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
1
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F95ff3d8d-fe29-424a-b43b-f792814f53c4%2F55009ec6-df5e-45c3-bff6-95d1f899a93e%2Fbknl9wt_processed.jpeg&w=3840&q=75)
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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