Business, 12.02.2020 00:52 jltijinotgion121

A construction crew (that is currently unemployed and receiving $10/hr. in benefits) to fix a road. The cement is purchased from a rip-off monopolist that charges $10/bag more than anyone else. The Follow-up maintenance will be done after 1 year, using a different crew that we will assume is not unemployed. We will also assume the interest rate is 7%. The cost estimate provided by the contractor's accountant is given in the table below: Price Wage $20/hour ITEM Labor Cement Follow up maint. Project Total Quantity 1.000 hours 500 500 $50 Total $20,000 $25.000 $10,000 | $55.000 $20/hr The opportunity cost of the project is $55,000 O $41,000 $39,000 $33,000

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A construction crew (that is currently unemployed and receiving $10/hr. in benefits) to fix a road....

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