The cost of a wastewater treatment plant for a small town of 6000 people was estimated to be about $85/person in 2006. If a modest estimate of the rate of inflation is 2.5% for the period to 1984, what will be the per capita cost of the treatment plant in 2021?

The cost of a wastewater treatment plant for a small town of 6000 people was estimated to be about $85/person in 2006. If a modest estimate of the rate of inflation is 2.5% for the period to 1984, what will be the per capita cost of the treatment plant in 2021?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter2: The One Lesson Of Business

Section: Chapter Questions

Problem 2.6IP

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