10 years ago, a 2,000-gallon metal tank could hold hazardous materials costing $200,000. What would a 4,500-gallon tank cost today if the power-sizing exponent is 0.56 and the construction cost index for such facilities has increased from 200 to 600 over the last 10 years? a. 314,958 b. 600,000 c. 944,873 d. 968,329

EBK HEALTH ECONOMICS AND POLICY
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ISBN:9781337668279
Author:Henderson
Publisher:Henderson
Chapter4: Economic Evaluation In Health Care
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10 years ago, a 2,000-gallon metal tank could hold hazardous materials costing $200,000. What would a 4,500-gallon tank cost today if the power-sizing exponent is 0.56
and the construction cost index for such facilities has increased from 200 to 600 over the last 10 years?
a. 314,958
b. 600,000
c. 944,873
d. 968,329
Transcribed Image Text:10 years ago, a 2,000-gallon metal tank could hold hazardous materials costing $200,000. What would a 4,500-gallon tank cost today if the power-sizing exponent is 0.56 and the construction cost index for such facilities has increased from 200 to 600 over the last 10 years? a. 314,958 b. 600,000 c. 944,873 d. 968,329
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