Answer:
The city should pay at most $16 million to the contractors as an incentive for completing the project four weeks earlier.
Explanation:
Total number of saved work hours = 4 weeks * 40000 workers/week * 10 hours/worker = 1,600,000 work hours
So, Money saved = 1,600,000 work hours * $10/ work-hour
= $16 million
Therefore, the city should pay at most $16 million to the contractors as an incentive for completing the project four weeks earlier.
Answer:
$16,000,000
Explanation:
To answer this question we pull out information relevant to us as follows
What is the number of workers = 40,000workers
How many labour hours per week = 10 hours per week
What is the hourly wage = $10/hour
First, Amount spent per worker in a week =
$10 x 10 hours = $100 per week
Second, Amount to be expended for 4 weeks
= $100 x 4 weeks = $400
Finally, the most that should be paid to the contractor for workers
$400 x 40,000 workers
= $16,000,000
