Cost per job = Total cost of building / Number of new jobs created
Using the given information:
Total cost of building = $550 million
Number of new jobs created = 1700
Plug these values into the formula:
Cost per job = $550,000,000 / 1700
Now, calculate the cost per job:
Cost per job ≈ $323,529.41
So, it’s costing approximately $323,529.41 to create each new job.
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