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A conservation program costs $200,000 to implement and is expected to save 500 e

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Question: A conservation program costs $200,000 to implement and is expected to save 500 endangered species. What is the cost per species saved?

Options:

  1. $200
  2. $300
  3. $400
  4. $500

Correct Answer: $200

Solution: 

$200,000 / 500 species = $400 per species.

A conservation program costs $200,000 to implement and is expected to save 500 e

Practice Questions

Q1
A conservation program costs $200,000 to implement and is expected to save 500 endangered species. What is the cost per species saved?
  1. $200
  2. $300
  3. $400
  4. $500

Questions & Step-by-Step Solutions

A conservation program costs $200,000 to implement and is expected to save 500 endangered species. What is the cost per species saved?
  • Step 1: Identify the total cost of the conservation program, which is $200,000.
  • Step 2: Identify the total number of endangered species that will be saved, which is 500 species.
  • Step 3: To find the cost per species saved, divide the total cost by the number of species saved.
  • Step 4: Perform the calculation: $200,000 divided by 500 species.
  • Step 5: The result of the calculation is $400 per species.
  • Cost-Benefit Analysis – Understanding how to calculate the cost per unit of benefit, in this case, the cost per endangered species saved.
  • Division – Basic arithmetic operation of dividing total costs by the number of units (species) to find the cost per unit.
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