The value of the recreation has been conservatively set, Ask an Expert

Economics

As part of the rehabilitation of the downtown area of the southern U.S. city, the Park andRecreation Department is planning to develop the space below several overpasses intobasketball, handball, miniature golf, and tennis courts. The initial cost is expected to be$150,000 for improvements which are expected to have a 20-years life. Annual maintenancecosts are projected to be $12,000. The department expects 24,000 people per year to use thefacilities an average of 2 hours each. The value of the recreation has been conservatively set at$0.50 per hour. At a discount rate of 3% per year, what is the B/C ratio for the project?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9447458

Have any Question?Write your Review or question?

Related Questions in Business Economics

For the following two questions please determine the

For the following two questions, please, determine the correct hypothesis test, state the null and research hypotheses in words and in symbols, then conduct the hypothesis test, and report the results in writing. 1. A re ...

You are given the sample mean and the population standard

You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. A random sample of 44 gas grills has a mean price of ...

A group of college english professors judges the adequacy

A group of college English professors judges the adequacy of coverage of a newly developed test of students' knowledge of grammar and syntax. The professor conclude that the coverage is "excellent". Which one is a right ...

Suppose a random variable y has a mean ey 12 and standard

Suppose a random variable Y has a mean E(Y ) = 12 and standard deviation SD(Y ) = 4. Suppose we define a new random variable Z = 3Y + 10. a. Determine the expected value (mean) of Z. b. Determine the standard deviation o ...

What is the average depth of the human vaginal

What is the average depth of the human vaginal cavity?

Fifty-three percent of employees make judgements about

Fifty-three percent of employees make judgements about their co-workers based on the cleanliness of their desk. You randomly select 8 employees and ask them if they judge co-workers based on this criterion. The random va ...

In a large organization 55 of all employees are female 25

In a large organization, 55% of all employees are female, 25% of the employees have a business degree, and 40% of all males have a business degree. What is the probability that an employee has a business degree given tha ...

Istrade zero sum explainthe ways in which itisandthe ways

Is trade zero sum? Explain the ways in which it is and the ways in which it is not as well as an overall assessment explaining why or why not?

Discuss three ranges of the aggregate supply curve explain

Discuss three ranges of the aggregate supply curve. Explain changes in the AD-AS macroeconomic equilibrium due to the aggregate demand shifts and due to aggregate supply shifts. Apply the AD-AS model to the two types of ...

A cartel is branch of an oligopoly there are still a

A cartel is branch of an oligopoly. There are still a handful of large firms and many smaller firms. For instance, the diamond industry and the petroleum industries are examples are oligopolies. However, the main differe ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert