In 1949, Sycamore, Illinois built a hospital for about $500,000. In 1987, the county restored the courthouse for about $1.7 million. A price index for nonresidential construction was 24 in 1949, 108 in 1987, and 126.5 in 2000. According to these numbers, the hospital cost about

a.$2.1 million in 2000 dollars, which is less than the cost of the courthouse restoration in 2000 dollars.

b.$2.1 million in 2000 dollars, which is more than the cost of the courthouse restoration in 2000 dollars.

c.$2.6 million in 2000 dollars, which is less than the cost of the courthouse restoration in 2000 dollars.

d.$2.6 million in 2000 dollars, which is more than the cost of the courthouse restoration in 2000 dollars.

Option (d) is correct.

Explanation:

Given that,

Price index in 1949 = 24

Price index in 1987 = 108

Price index in 2000 = 126.5

Cost of building hospital in 1987 = $500,000

According to these numbers, the hospital cost in 2000 is about:

= Cost of building hospital in 1987 × (Price index in 2000 ÷ Price index in 1949)

= $500,000 × (126.5 ÷ 24)

= $500,000 × 5.27

= $2,635,417 > $1.7 million

Therefore, it is more than the cost of the courthouse restoration in 2000 dollars.

answer; /// i believe the correct answer is (all of the above);

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.