Multiple Choice
The Occupational Safety and Health Administration (OSHA) has determined that the probability of a worker dying from exposure to a hazardous chemical used in the production of fertilizer is 0.008. The cost of imposing a regulation that would ban the chemical is $31 million. If the value of a human life is equal to $8 million, how many people must the policy affect in order for the benefits to exceed the costs?
A) 248
B) 485
C) 3,101
D) 3,876
Correct Answer:
Verified
Correct Answer:
Verified
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