In 1949, Sycamore, Illinois built a hospital for about $500,000. In 1987, the county restored the courthouse for about $1.7 million. A price index for nonresidential construction was 24 in 1949, 108 in 1987, and 126.5 in 2000. According to these numbers, the hospital cost about
a.$2.1 million in 2000 dollars, which is less than the cost of the courthouse restoration in 2000 dollars.
b.$2.1 million in 2000 dollars, which is more than the cost of the courthouse restoration in 2000 dollars.
c.$2.6 million in 2000 dollars, which is less than the cost of the courthouse restoration in 2000 dollars.
d.$2.6 million in 2000 dollars, which is more than the cost of the courthouse restoration in 2000 dollars.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In 1949, Sycamore, Illinois built a hospital for about $500,000. In 1987, the county restored the courthouse for about $1.7 million. A ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Behavioral observation scales: a. Measure how frequently employees engage in certain behaviorsb. b. Are a norm-referenced appraisal formatc. c. Require little time for completion of an appraisal using this format d.
Answers (1)
What are the small lines on a ruler?
Answers (1)
There is a raging debate at the IT consulting firm where you work. Some staff members believe that it is harder for experienced analysts to learn object-modeling techniques, because the analysts are accustomed to thinking about data and processes as
Answers (1)
Consider the following: Cash in Bank - checking account of $18, 500 Cash on hand of $500. Post dated checks received totaling $3 500 and Certificates of deposits totaling $24,000. How much should be reported at cash in the balance sheet? a. $18.
Answers (1)
Near-zero rates of unemployment are not desirable because they often lead to
Answers (1)
New Questions in Business
Xer-wise markets and promotes its products to consumers over the internet. melody and tom are considering a more aggressive approach to generate enthusiasm for the musclemaster over the internet.
Answers (1)
At the beginning of the current year, both Gerald and Nicolas own 50% of Apple Corporation. In July, Gerald sold his stock to Sarah for $110,000.
Answers (2)
The U. S. government pays an economist at the U. S. Department of Commerce $100,000 in salary in 2013. The economist then retires. In 2014, the government pays him $60,000 in Social Security benefits. Which of the following is correct? a.
Answers (1)
What will a decrease in interest rate cause
Answers (1)
Kendra's level of education is a high school diploma. Which careers could she work in? Check all that apply. a. Planning Clerk b. Production Worker c. Mechanical Engineer d. Hand Packer e. Operating Workers f. Industrial Engineering Technician
Answers (2)