Question

Artville is deciding whether to purchase a new statue for the center of town. The statue will cost the city $14,000 and will only be purchased if the costs are covered. The city is asking for households to help cover the cost of the statue, but households are not forced to contribute.

Instructions: Enter your answer as a whole number.

a. If households are asked to contribute $10 each to help cover the cost of the statue, how many households will need to contribute?

      households

b. If the population of Artville is 9,000 households, of which 7,000 households are expected to free ride, will the city be able to afford the statue if it charges each household $15?

• No

• Yes

Answer 1

A) Cost of statue = $14,000

If households are asked to contribute $10 each to help cover the cost of the statue, then the number of households required = $14,000 / $10 = 1400

B) population of Artville is 9,000 households out of which 7,000 households are expected to free ride. Then remaining households = 9000-7000= 2000

if each household pays $15, then amount collected = 15*2000 = $30,000 which is higher than $14000 (cost of statue), so the city will be able to afford. The correct answer is yes