Multiple Choice
Highway engineers want to improve a dangerous stretch of highway. They expect that it will reduce the risk of someone dying in an accident from 5.3 percent to 2.1 percent over the life of the highway. If a human life is worth $10 million, then the project is worth doing as long as it does not cost more than
A) $53,000.
B) $210,000.
C) $320,000.
D) $2.1 million.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Roads can be considered either public goods
Q58: Identify the externality that arises when basic
Q369: If the government decides to build a
Q370: Suppose the cost to erect a tornado
Q371: Figure 11-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 11-1
Q372: Figure 11-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 11-1
Q373: Because it is<br>A)excludable but not rival in
Q376: When something of value has no price
Q377: Table 11-3<br>This table describes the police protection
Q378: Seymour owns 3 acres of beautiful waterfront