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A construction company plans to build a toll bridge. The initial cost of the bridge is $ 3,000,000, with an annual operating and maintenance cost of $600,000. The average toll for a vehicle is $3.00. The bridge will last for 25 years. At what annual traffic rate will this bridge break even? MARR= 10% per year. No salvage value for the bridge
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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