Discussion
If that value per hour were halved to 30, the annual benefit would become
Answer: C
Correct answer: 6 million
\[ 200{,}000 \times 30 = 6{,}000{,}000. \] Halving the value of time halves the benefit, since the benefit is directly proportional to it. The sensitivity is worth noticing: the value of time is a shadow price and is among the least certain figures in a transport appraisal, yet it usually dominates the benefit side.
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