eng .conomics

1- A park is expected to be built in the city of RICHMOND ( population 5,000 )for 375000.

it is expected to benefit each person of the community $20/yr . annual operations costs is projected to be $25,000 . determine the project BCR , using an interset rate of 10% per year and a life of 25 years (use modified B/c formula via AW )

2- BCR analysis is more communly used in private industry . (T/F)

BCR incremental analysis was applied for multiple alternative . which alternative should be selected if the following was reached ?

change in BCR (B-C)=.89

1- B is selected

2- C is selected