Multiple Choice
Studies have determined that the probability of a worker dying from exposure to a hazardous chemical used in the production of diet soft drinks is 0.0005.The cost of imposing a regulation that would ban this chemical is $18 million.If each person saved has a value equal to $10 million,how many people must the policy affect for benefits to exceed costs
A) 1301
B) 1801
C) 2501
D) 3601
Correct Answer:
Verified
Correct Answer:
Verified
Q98: There are no goods in this day
Q99: When one person enjoys the benefit of
Q100: The Arkell Spring Grounds is a high
Q101: Highway engineers have proposed improving a dangerous
Q102: When private costs differ from social costs,leading
Q104: Which good would satisfy attributes of a
Q105: What do goods that are rival in
Q106: When an infinite value is placed on
Q107: Government policy is of little use for
Q108: How can the Tragedy of the Commons