You are given the following information: A program of air pollution control would reduce deaths from cancer
Question:
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
Human Resource Management
ISBN: 978-0538453158
13th Edition
Authors: Robert L. Mathis, John H. Jackson