Economics is about making efficient uses of scarce resources. This is about learning how people in their daily lives make decisions of allocating scarce amount of resources - â¦ time and budget-they possess, to meet their numerous desires. At occasions many of you may have wished you had more income and more time.
1 A well-maintained residential marble floor might start to show some signs of wear in 2-4 years, and will need to be professionally honed and polished at cost of about $2.50-$3 a square foot, with a minimum charge of $400-$500 for a single grind and polish. Professional installation of marble flooring starts around $9-$20 a square foot (materials and labor), or $900-$2,000 for installing a marble tile floor in a 100-square-foot foyer.
1 This pricing structure assumes that carpenters charge an average of $70 per hour, electricians between $65 to $85 per hour, painters between $20 and $35 per hour and plumbers between $45 and $65 per hour. Polished nickel faucets-Average cost is $400 each plus four hours of installation; 2  Install ceramic tile floor-Average of 884 tiles to be installed for the 120 square feet. 3  Standard prices for installation are between $11 to $22 per square foot for a total of roughly $1320;