For a lot with a frontage of 150 feet, what are the street paving costs per running foot?

Study for the Magnolia Real Estate State Exam. Sharpen your skills with flashcards and multiple-choice questions; each question offers hints and explanations. Prepare to excel in your exam!

To determine the street paving costs per running foot for a lot with a frontage of 150 feet, we first need to establish the total paving cost based on the given choices. The cost per running foot reflects the amount charged for paving one foot of the street adjacent to the property.

The correct answer indicates a cost of $25.00 per running foot. This amount is a common figure used in estimating street improvement costs, making it a feasible price point for developers and homeowners calculating expenses associated with lot development and urban planning. The choice of $25.00 likely aligns with practical estimates derived from local construction costs, ensuring that it is a realistic option for budgeting in real estate transactions.

Given that the other options suggest higher or lower paving costs that might not reflect standard rates in the area or could result in unreasonable expenditure for such a project, they do not hold the same viability as the option chosen. The selection of $25.00 reflects an understanding of typical costs that are economically feasible for paving, balancing budget considerations with the need for quality infrastructure.

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