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Suppose a worker earns $40 an hour and commutes to work at a speed of 20 miles per hour (mph). The worker completes one round-trip

Suppose a worker earns $40 an hour and commutes to work at a speed of 20 miles per hour (mph). The worker completes one round-trip daily to the downtown and commutes to work 20 days a month. How much is the worker willing to bid to live one mile closer to the downtown?

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