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.
Shopping for a travertine floor: 1  Online retailers like StoneLocator.com sell stone flooring samples for $6-$10 each, depending on the number of samples ordered. 2  To avoid staining, travertine floors generally need to be protected with a sealer, which can cost $100-$200 a gallon ($30-$60 a quart). For new floors, many experts recommend at least one coat of sealant prior to grouting and one or two coats after the installation is complete. 2  Sealing a floor can cost $40-$300 or more, depending on condition and size.