To Increase Safety at a Bad Intersection,you Must Decide Whether

Multiple Choice

To increase safety at a bad intersection,you must decide whether to install a traffic light in your home town at a cost of $20,000.If the traffic light reduces the risk of fatality by 0.5 percent and the value of a human life is about $10 million,what should you do

A) You should install the light because the expected benefit of $50,000 is greater than the cost.
B) You should install the light because the expected benefit of $30,000 is greater than the cost.
C) You should not install the light because the expected benefit of $20,000 is only equal to the cost.
D) You should not install the light because the expected benefit of $5000 is less than the cost.