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The city council of Fayetteville is in the process of approving the construction of a new 200,000-ft convention center. Two sites have been proposed, and both require exercising the "eminent domain" law to acquire the property. The following about proposed (contiguous) properties in both sites together with the acquisition cost. table provides data

The city council of Fayetteville is in the process of approving the construction of a new 200,000-ft convention center. Two sites have been proposed, and both require exercising the "eminent domain" law to acquire the property. The following about proposed (contiguous) properties in both sites together with the acquisition cost. table provides data

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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The city council of Fayetteville is in the process of approving the construction of a new 200,000-ft convention center. Two sites have been proposed, and both require exercising the "eminent domain" law to acquire the property. The following table provides data about proposed (contiguous) properties in both sites together with the acquisition cost. Property 12345 Area (1000 ft²) 20 50 Site 1 50 30 60 Cost (1000 $) 1,000 2,100 2,350 1,850 2,950 Site 2 Area (1000 ft²) 80 60 50 70 Cost (1000 $) 2,800 1,900 2,800 2,500 Partial acquisition of property is allowed. At least 75% of property 4 must be acquired if site 1 is selected, and at least 50% of property 3 must be acquired if site 2 is selected.
Transcribed Image Text:The city council of Fayetteville is in the process of approving the construction of a new 200,000-ft convention center. Two sites have been proposed, and both require exercising the "eminent domain" law to acquire the property. The following table provides data about proposed (contiguous) properties in both sites together with the acquisition cost. Property 12345 Area (1000 ft²) 20 50 Site 1 50 30 60 Cost (1000 $) 1,000 2,100 2,350 1,850 2,950 Site 2 Area (1000 ft²) 80 60 50 70 Cost (1000 $) 2,800 1,900 2,800 2,500 Partial acquisition of property is allowed. At least 75% of property 4 must be acquired if site 1 is selected, and at least 50% of property 3 must be acquired if site 2 is selected.
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