Question the department of transportation is accepting bids, Ask an Expert

Economics

Question: The Department of Transportation is accepting bids for materials to provide "signage and safety" for a new 25-mile section of 4-lane highway. DOT estimates are:

- Lane paint: exist500 per mile per lane

- Reflective lane markers: exist6 per 25 feet (need for each lane)

- Mile markers: exist18 per unit (need on 2 sides of the road)

- Flexible roadside delineators: exist32 per unit: spaced at 1000 feet (need for each lane)

- Emergency Boxes: exist500 per unit spaced at 2.5 miles (need on 2 sides of the road)

- Signage (various messages): exist1000 per mile: based on historical costs

The bids that DOT receives should be in what range of costs?

A) Less than exist100,000

B) Between exist100,000 and exist200,000

C) Between exist200,000 and exist250,000

D) Greater than exist250,000

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92584840

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