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The 2745 people residing in the state of Oz want their yellow brick road repaved. It could be repaved with standard asphalt for a cost of $427957 or with shimmering gold asphalt for $5752665 . 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 4801565 people should pay for the repaving. Round your answer to two decimals for all of the following questions.

Required:
a. What is the cost per person if the national government pays for gold asphalt?
b. What is the cost per person if the state of Oz pays for gold asphalt?
c. What is the cost per person if the state of Oz pays for standard asphalt?

Answer :

Answer:

a. Cost per person = $1.20 per person

b. Cost per person = $2,095.69 per person

c. Cost per person = $155.90 per person

Explanation:

a. What is the cost per person if the national government pays for gold asphalt?

This can be calculated as follows:

Cost per person = Cost of gold asphalt / Total population of the nation = $5752665 / 4801565 = $1.20 per person

b. What is the cost per person if the state of Oz pays for gold asphalt?

This can be calculated as follows:

Cost per person = Cost of gold asphalt / Total population of the state of Oz = $5752665 / 2745 = $2,095.69 per person

c. What is the cost per person if the state of Oz pays for standard asphalt?

This can be calculated as follows:

Cost per person = Cost of standard asphalt / Total population of the state of Oz = $427957 / 2745 = $155.90 per person

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