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    Exam 16: Web: Economics of Life, Health, and the Environment
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    If a Worker Decides to Work at a Job with a 0.05
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If a Worker Decides to Work at a Job with a 0.05

Question 16

Question 16

Multiple Choice

If a worker decides to work at a job with a 0.05% probability of death for $5,000, what is the value of his statistical life?


A) $250
B) $5,250
C) $5,500,000
D) $10,000,000

Correct Answer:

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