1. Business
  2. Economics
  3. could anyone help me check this i thought this answer...

Question: could anyone help me check this i thought this answer...

Question details

The 2014-15 Brisbane City Council budget included 179 million dollars for public parks. If only 42 percent of Brisbanes 2.1 mllion residents value and use public parks, how much do these residents need to individually value the parks for this to be an efficient use of funds? Answer to the nearest whole dollar per resident (with no decimal points, spaces, S signs, or commas in your answer).Budget 179 million Total residents 2.1 million Number of residents value the park-42% (2.1 million-0.42*2.1 million-0.882 million Individual value the park for efficient use of funds budget/ Number of residents value the park Dollar per resident179/0.882 Dollar per resident 202.95 dollars/ resident Answer- 203 approximately

Could anyone help me check this? I thought this answer is wrong

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution