You are given the following information: A program of air pollution control would reduce deaths from cancer from 1 in 8,000 to 1 in 10,000 of the population. There are no other benefits of the program. The cost of the program is expected to be between $2 billion annually. The size of the relevant population is 50 million persons. The “statistical value” of human life is agreed to be $800,000 What are the benefits of the program? 

Group of answer choices 

$1 billion 

$2 billion 

$5 billion 

$ 2.5 billion.

Using the information if the “statistical value” of human life is $4 million, what is the economic value of the air pollution control program? 

Group of answer choices 

$3 billion 

$5 billion 

$2 billion 

$0.5 billion