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A public policy initiative costs $1,200,000. If it is funded by 3 different agen

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Question: A public policy initiative costs $1,200,000. If it is funded by 3 different agencies equally, how much does each agency contribute?

Options:

  1. $300,000
  2. $400,000
  3. $500,000
  4. $600,000

Correct Answer: $300,000

Solution: 

Each agency contributes = Total cost / Number of agencies = 1,200,000 / 3 = 400,000.

A public policy initiative costs $1,200,000. If it is funded by 3 different agen

Practice Questions

Q1
A public policy initiative costs $1,200,000. If it is funded by 3 different agencies equally, how much does each agency contribute?
  1. $300,000
  2. $400,000
  3. $500,000
  4. $600,000

Questions & Step-by-Step Solutions

A public policy initiative costs $1,200,000. If it is funded by 3 different agencies equally, how much does each agency contribute?
  • Step 1: Identify the total cost of the public policy initiative, which is $1,200,000.
  • Step 2: Identify the number of agencies funding the initiative, which is 3.
  • Step 3: To find out how much each agency contributes, divide the total cost by the number of agencies.
  • Step 4: Perform the calculation: $1,200,000 divided by 3 equals $400,000.
  • Step 5: Conclude that each agency contributes $400,000.
  • Division – The question tests the ability to divide a total cost by the number of contributors to find individual contributions.
  • Basic Arithmetic – It assesses the understanding of basic arithmetic operations, specifically division.
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