Due to the budget sequester, the bridge department had their repair budget reduc

Question

Due to the budget sequester, the bridge department had their repair budget reduced for the coming year. The cost of repair for several bridges needing repair are shown below. Also shown is the average number of cars per day that travel over each bridge.   If the bridge department only has sufficient resources to repair one bridge per year, which one should be repaired first from a cost effectiveness perspective. Bridge Repair Costs Average Cars per day Washington $2,400,000 1600 Adams $2,700,000 1500 Jefferson $2,300,000 1740 Madison $2,240,000 1550 Jackson $2,000,000 1440 Due to the budget sequester, the bridge department had their repair budget reduced for the coming year. The cost of repair for several bridges needing repair are shown below. Also shown is the average number of cars per day that travel over each bridge.   If the bridge department only has sufficient resources to repair one bridge per year, which one should be repaired first from a cost effectiveness perspective. Bridge Repair Costs Average Cars per day Washington $2,400,000 1600 Adams $2,700,000 1500 Jefferson $2,300,000 1740 Madison $2,240,000 1550 Jackson $2,000,000 1440

Explanation / Answer

They should repair the Jefferson bridge as the number cars using the bridge is highest and the cost per car is the lowest.

Bridge Repair Costs Average Cars per day Repair Cost/Car Washington $2,400,000 1600 $1,500 Adams $2,700,000 1500 $1,800 Jefferson $2,300,000 1740 $1,322 Madison $2,240,000 1550 $1,445 Jackson $2,000,000 1440 $1,389

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