Question: Snipes has developed a blade modification that will making them safer to use in the home, reducing the number of deaths due to knife accidents

Snipes has developed a blade modification that will making them safer to use in the home, reducing the number of deaths due to knife accidents by 1.However, it will cost $0.03 to add it to all blades sold in the United States.We will assume that there is an average of one blade per person in the U.S., for at total of 325.7 million blades. Using the Department of Transportation'svalue of a statistical life ($9.6 million), should blade manufacturers be required to implement Snipes'modification?

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