Business, 27.10.2021 19:20 lilloser

You are conducting a cost-benefit analysis for a federal highway project. You are currently trying to determine the value of reduced driving time. The total labor cost for the project is $12.75 million. The hourly wage for construction workers on this project is $17.50 per hour. The average hourly wage in the community is $16.80. Using the wages approach, what value would you assign 100,000 hours of reduced driving time

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