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.
Commercial drum floor sanders are available to rent from many home improvement stores for an average of $60 per day. Most hardwood floor recoating or refinishing projects take two or more days, which drives up the rental cost to $120 for a weekend project. Cost: The cost to refinish the floors is far less than replacing them. 2  The cost to install a wood floor is about $4,000 -- $2,000 more than refinishing. 3  Age: The age of your floor can be a huge factor, especially if you only installed it a few years ago.