Answer to Question #67432 in Macroeconomics for Umair
a) Current traffic delays?
b) Estimated delays in 10 years?
Therefore, if a worker spends 1 hour a day in traffic delays, the opportunity cost is $90.
Assuming that a worker works 250 days per year, opportunity cost in 10 years is:
1 x 250 x 10 x 90 = $225,000
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