An architect-engineering firm is planning a parking lot to accomodate 400 vehicles. Each parking space will be 8.5 feet x 15 feet. It has been estimated that the space required for aisles will be 70 percentage of the space required for parking. A local paving company charges 8$ per square foot for paving and a flat fee of $10,600 for marking and painting the individual parking spaces. Based on this information, what is the estimated cost of paving and marking this parking lot? The estimated cost of paving and marking the parking lot is: $ ?

An architect-engineering firm is planning a parking lot to accomodate 400 vehicles. Each parking space will be 8.5 feet x 15 feet. It has been estimated that the space required for aisles will be 70 percentage of the space required for parking. A local paving company charges 8$ per square foot for paving and a flat fee of $10,600 for marking and painting the individual parking spaces. Based on this information, what is the estimated cost of paving and marking this parking lot? The estimated cost of paving and marking the parking lot is: $ ?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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