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QUESTION 8

QUESTION 8

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QUESTION 8 Suppose the market wage for workers hired by an infrastructure project is $40 per hour and the value of the leisure time for unemployed workers is $18 per hour. The project will require 1200 worker-hours in the construction process. Assume 60% of the workers hired by this project will be sourced from employment elsewhere in the economy, and the other 40% would otherwise be unemployed. Calculate the dollar value of the total cost of labour to be included in the Social CBA. Do not include the dollar sign $.
Transcribed Image Text:QUESTION 8 Suppose the market wage for workers hired by an infrastructure project is $40 per hour and the value of the leisure time for unemployed workers is $18 per hour. The project will require 1200 worker-hours in the construction process. Assume 60% of the workers hired by this project will be sourced from employment elsewhere in the economy, and the other 40% would otherwise be unemployed. Calculate the dollar value of the total cost of labour to be included in the Social CBA. Do not include the dollar sign $.
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