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16 November, 02:17

Suppose that a small county is considering adding a guard rail to a dangerous curve by a river. The guard rail will cost $70,000. The average damage done to vehicles that slide off the road at the curve is $10,000. It is expected that the guard rail will prevent 5 vehicles from sliding off the road during its usable life. What should the county do?

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  1. 16 November, 02:32
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    do not Install guard rail because the guard rail cost exceed the expected benefits

    Explanation:

    given data

    guard rail cost = $70,000

    average damage = $10,000

    guard rail prevent = 5 vehicles

    to find out

    What should the county do

    solution

    we know here guard rail cost is $70,000

    but expected benefits = $10,000 * 5

    expected benefits = $50,000

    so we can say that do not Install guard rail because the guard rail cost exceed the expected benefits
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