A city is trying to estimate the most money it should offer to contractors as an incentive for them to finish a disruptive road project early.The transportation project lengthens transport times by 10 hours per week for 40,000 workers.Assume that all workers are paid $10 per hour in a perfectly competitive labor market.What is the most that the city should pay to the contractors as an incentive for completing the project four weeks early?

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The Answer of A city is trying to estimate the most money it should offer to contractors as an incentive for them to finish a disruptive road project early.The transportation project lengthens transport times by 10 hours per week for 40,000 workers.Assume that all workers are paid $10 per hour in a perfectly competitive labor market.What is the most that the city should pay to the contractors as an incentive for completing the project four weeks early?

A City Is Trying to Estimate the Most Money It