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Cuba Cuba
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8 years ago
Darnell can work on an oil rig, where the probability of being killed in a work-related accident is 4/6,000, or he can earn work as a lumberjack, where the probability of being killed in a work-related accident is 1/6,000. Using the compensating differential approach, the value of Darnell's life is $6 million. How much more per year will working on an oil rig pay than working as a lumberjack?
A) $2,000
B) $3,000
C) $4,000
D) $6,000
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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
Straight to the point! Appreciate your time and your help.
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#3
8 years ago
Wasn't so hard, referencing the textbook helped.
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