What is an order-of-magnitude estimate, Microeconomics

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What is an order-of-magnitude estimate

Problem

A 12,000-kW power plant was completed near Anchorage in July 1989 for $2.5M. An 8000-kW plant using similar technology is estimated for completion in July 2001 on Adak. What is an order-of-magnitude estimate?

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.

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