Answer:
The answer to the question is that the more expensive price for land is $5,000/acre.
Explanation:
a) To convert hectares to square meters, we can use the power of 10. One hectare is equal to 10,000 square meters. This can be expressed as:
1 hectare = 10^4 square meters
b) To express 1 km^2 in hectares, we need to convert square kilometers to square meters and then to hectares.
1 km^2 = 1,000,000 square meters
1 hectare = 10,000 square meters
Therefore,
1 km^2 = (1,000,000 square meters) / (10,000 square meters/hectare)
= 100 hectares
So, 1 km^2 is equal to 100 hectares.
c) The conversion factor between hectares and acres is as follows:
1 hectare = 2.47105 acres
This means that one hectare is approximately equal to 2.47105 acres.
d) To compare the prices of land given in different units, we need to convert them into a common unit. In this case, we can convert both prices into either dollars per acre or euros per hectare.
Given:
Price of land in dollars per acre: $5,000/acre
Price of land in euros per hectare: €10,000/ha
To compare these prices, we need to convert euros to dollars using the currency conversion rate. Let's assume the conversion rate is €1 = $1.20.
Converting €10,000/ha to dollars per acre:
€10,000/ha * $1.20/€ * (2.47105 acres/ha) = $29,652.60/acre
Therefore, the price of land in euros per hectare (€10,000/ha) is more expensive than the price of land in dollars per acre ($5,000/acre).