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Cuba Cuba
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8 years ago
Dahlia can earn $60,000 a year working at a relatively safe job, or $65,000 a year working at a riskier job. The probability of death from working at the relatively safe job is 1/5,000, and the probability of death from working at the riskier job is 1/1,000. Using the compensating differential approach and the above information, what is the value of Dahlia's life?
A) $2 million
B) $2.5 million
C) $6.25 million
D) $25 million
Textbook 
Economic Analysis of Social Issues

Economic Analysis of Social Issues


Edition: 1st
Author:
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IloveChiIloveChi
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Cuba Author
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#2
8 years ago
Very, very helpful. Will mark this topic solved.
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#3
8 years ago
Wasn't so hard, referencing the textbook helped.
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