Your project requires disturbing 0.75 acres of wetlands. The mitigation bank charges $85,000 per acre for wetland credits. What is the total cost for wetland mitigation?
Correct Answer
A) $63,750
The calculation is: 0.75 acres × $85,000 per acre = $63,750. Wetland mitigation costs are typically calculated based on the exact acreage disturbed and the current mitigation bank rates.
Why This Is the Correct Answer
Option A is correct because wetland mitigation costs are calculated by multiplying the exact acreage of wetlands disturbed by the per-acre cost charged by the mitigation bank. In this case, 0.75 acres × $85,000 per acre equals $63,750. This straightforward multiplication gives the total mitigation cost that must be paid to offset the environmental impact of disturbing the wetlands.
Why the Other Options Are Wrong
Option B: $67,500
Option B ($67,500) appears to be the result of an incorrect calculation, possibly from rounding errors or miscalculating the decimal multiplication of 0.75 × $85,000.
Option C: $71,250
Option C ($71,250) is incorrect and may result from adding an unnecessary markup or fee to the base calculation, or from computational errors in the decimal multiplication.
Option D: $78,000
Option D ($78,000) is too high and might result from incorrectly calculating 0.9 acres instead of 0.75 acres, or from applying an incorrect multiplier to the base cost.
Memory Technique
Remember 'WET-MATH': Wetlands = Exact acreage × Total cost per acre. Always multiply the precise decimal acreage by the per-acre rate with no additional fees unless specifically stated.
Reference Hint
Florida Building Code, Chapter 1, Administration - Environmental Compliance sections, or DEP wetland mitigation guidelines
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