Using the data below, how much would a profit maximizing producer spend on safety if the tort liability system would award $300,000 to one half of the accident victims? 2000 7500 4500 3000 Using the data below, how much would a profit maximizing producer spend on safety if the tort liability system awards 400,000 to each victim but the producer had only $100,000 in assets to pay losses? 2000 4500 3000 7000 Using the data below, how much is the Marginal Benefit if the producer would spend $7,000 on safety expenditures. Assume that an accident imposes costs on a victim equal to $300,000. 2500 2700 1950 500 If the probability of loss is 0.045, estimate the marginal cost. Assume that an accident imposes costs on a victim equal to $50,000. 1000 1500 2000 4500 Using the data below, how much would a profit maximizing producer spend on safety if the tort liability system would award $300,000 to one half of the accident victims? 2000 7500 4500 3000 Using the data below, how much would a profit maximizing producer spend on safety if the tort liability system awards 400,000 to each victim but the producer had only $100,000 in assets to pay losses? 2000 4500 3000 7000 Using the data below, how much is the Marginal Benefit if the producer would spend $7,000 on safety expenditures. Assume that an accident imposes costs on a victim equal to $300,000. 2500 2700 1950 500 If the probability of loss is 0.045, estimate the marginal cost. Assume that an accident imposes costs on a victim equal to $50,000. 1000 1500 2000 4500