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Suppose a project needs to hire 10 electricians. At the initial wage of 60K/year (including benefits)...

Suppose a project needs to hire 10 electricians. At the initial wage of 60K/year (including benefits) 480 are currently employed in the local area and 20 are estimated to be unemployed. The MEBT (marginal excess tax burden) is 0.2.

1)Estimate the opportunity cost of hiring the workers.
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