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The park and recreation department of Cass County has estimated that the initial cost of a park will be $2.3 million. Annual upkeep costs are estimated at $ 120,000. Benefits of $340,000 per year and dis-benefits of $ 40,000 per year have also been identified. Using a discount rate of 6 percent per year, Compute i) the conventional B/C ration and ii) the modified B/C ratio.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91225212

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