Cost Benefit Analysis Using the following data, determine how much the company should spend on safety, if the average injury severity per worker is RM8,000? Loss control expenditure Number of injured workers RM 0 RM 50,000 RM100,000 RM150,000 RM200,000 RM250,000 200 170 148 130 122 118 Answer: RM Loss control Number of Total cost of Marginal Marginal expenditures injured workers injuries benefit cost RM RM RM Q01 Q07 Q13 Q19 Q25 Q02 Q08 Q14 Q20 Q26 Q03 Q09 Q15 Q21 Q27 Q04 Q10 Q16 Q22 Q28 Q05 Q11 Q17 Q23 Q29 Q06 Q12 Q18 Q24 Q30 Note: When there is no entry for a cell, you must provide the answer BLANK for that cell. The company should spend up to Q31 RM on loss control because up to this amount, marginal benefit (MB) is Q32 GREATER or LESS than marginal cost (MC). If the company spends more than this amount, marginal benefit (MB) has become Q33