A public policy initiative is expected to create 1,200 jobs. If each job costs $

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Question: A public policy initiative is expected to create 1,200 jobs. If each job costs $10,000 to create, what is the total cost of the initiative?

Options:

$10 million
$12 million
$14 million
$15 million

Correct Answer: $12 million

Solution:

Total cost = 1,200 jobs * $10,000/job = $12 million.

A public policy initiative is expected to create 1,200 jobs. If each job costs $

Practice Questions

A public policy initiative is expected to create 1,200 jobs. If each job costs $10,000 to create, what is the total cost of the initiative?

$10 million
$12 million
$14 million
$15 million

Questions & Step-by-Step Solutions

A public policy initiative is expected to create 1,200 jobs. If each job costs $10,000 to create, what is the total cost of the initiative?

Step 1: Identify the number of jobs created by the initiative, which is 1,200 jobs.
Step 2: Identify the cost to create each job, which is $10,000 per job.
Step 3: Multiply the number of jobs (1,200) by the cost per job ($10,000) to find the total cost.
Step 4: Calculate 1,200 jobs * $10,000/job = $12,000,000.
Step 5: Convert $12,000,000 to a more readable format, which is $12 million.

Cost Calculation – Understanding how to calculate total costs based on unit costs and quantity.

A public policy initiative is expected to create 1,200 jobs. If each job costs $

What’s inside this PDF?

A public policy initiative is expected to create 1,200 jobs. If each job costs $

Practice Questions

Questions & Step-by-Step Solutions

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