In the table below, fill in the blanks. When you get done, take a picture or find some other way to make a digital copy and submit using the Blackboard link. 1. Convert from pounds to metric tons and put answers in the appropriate column (rows 4 through)11) 2. Cost per pound is given. Calculate cost per metric ton and put in the appropriate column. 3. Multiply lifetime use (pounds) times cost per pound to figure out how many dollars worth of the resource you use. 4. Divide by the number of years you expect to live and put the yearly $value in the right-hand column. Then total those values and put in the boxes outlined in bold. 5. Figure out how much you spend on gasoline each year. Assume you use 500 gallons and put the cost per gallon in the appropriated box. Then multiply and put your toal yearly gasoline expenses in the appropriate box. 6. Then briefly discuss your answers. Lifetime amount used by 2 an average American 3 commodity pounds metric tons 2018 cost $/pound cost $/metric ton $value use in a lifetime 1-year's $ value use 4 aluminum 4,864 2.20 $1.15 $ cement 65,543 29.73 $0.06 6 copper 1,390 0.63 $3.00 7 iron are 32,810 14.88 $0.65 B lead 849 0.39 $1.15 9> phosphate 21,848 9.91 $0.04 10 salt 32,061 14.54 $0.10 11 sand/gravel 1,550,000 703.06 $0.01 12 TOTAL= 13 14 Note: 15 0.000454 metric tons 1 pound 2204.624 pounds = 1 metric ton 16 17 18 For comparison 19 20 21 An average American uses about 500 gallons of gasoline each year What is a typical price for gasoline right now? Multiply by 500 to figure out how much an average American spends for gasoline each year. 22 Compare this value with the total value you calculated above for the other commodities use. 23 What do you think? Discuss briefly.