Problem
Homeowner Henry is building a fireplace for his house. The fireplace will require 800 bricks.
(a) If the cost of a Chimney Brick in 1978 was $2.10, calculate the material cost of Henry's project in 1998. The Chimney Brick Index (CBI) was 442 in 1978 and is expected to be 618 in 1998.
(b) Estimate the material cost of a similar fireplace to be built in the year 2012. What assumption did you make? Different Rates
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.