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A rural development program costs $500,000 and is expected to benefit 10,000 fam

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Question: A rural development program costs $500,000 and is expected to benefit 10,000 families. What is the cost per family?

Options:

  1. $40
  2. $50
  3. $60
  4. $70

Correct Answer: $50

Solution: 

The cost per family is $500,000 / 10,000 = $50.

A rural development program costs $500,000 and is expected to benefit 10,000 fam

Practice Questions

Q1
A rural development program costs $500,000 and is expected to benefit 10,000 families. What is the cost per family?
  1. $40
  2. $50
  3. $60
  4. $70

Questions & Step-by-Step Solutions

A rural development program costs $500,000 and is expected to benefit 10,000 families. What is the cost per family?
  • Step 1: Identify the total cost of the rural development program, which is $500,000.
  • Step 2: Identify the total number of families that will benefit from the program, which is 10,000 families.
  • Step 3: To find the cost per family, divide the total cost by the number of families: $500,000 divided by 10,000.
  • Step 4: Perform the division: $500,000 / 10,000 = $50.
  • Step 5: The result shows that the cost per family is $50.
  • Cost Calculation – Understanding how to divide total costs by the number of beneficiaries to find the cost per unit.
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