1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nataly [62]
1 year ago
6

Suppose that hedonic wage studies indicate a willingness to pay $50 per person for a reduction in the risk of a premature death

from an environmental hazard of 1/100,000. If the exposed population is four million people, what is the implied value of a statistical life?
Business
1 answer:
zmey [24]1 year ago
8 0

Answer:

  • The willingness to pay $50 to reduce the risk of premature death from an environmental hazard of 1/100,000.
  • The exposed population is 4 million.
  • The implied value of statistical life can be calculated as follows

Explanation:

<h3>vsl \:  =  \frac{change \: in \: willingless \: to \: pay \: }{change \: in \: risk}</h3><h3>\frac{50 \: dollar \:  \times 4 \: million}{1\div10000 \times 4 \: million \:  }</h3><h3>\frac{20 \: million \: }{40}</h3><h3>= $ 5,000,000</h3>

STAY SAFE, STAY HEALTHY AND BLESSED

HAVE A GOOD DAY

THANK YOU

You might be interested in
According to Fred Luthans and his associates' study of 450 managers, ________ made the largest contribution to the success of ma
dedylja [7]

Answer and Explanation:

A) networking

6 0
3 years ago
NEED ASAP <br> What are the steps for properly carrying an item
LuckyWell [14K]

Answer:

Do not twist or turn the body; instead, move your feet to turn. Your hips, shoulders, toes, and knees should stay facing the same direction. Keep the load as close to your body as possible with your elbows close to your sides. If you feel fatigued, set the load down and rest for a few minutes.

Explanation:

6 0
2 years ago
What are the marketing objectives when a product is at the introduction stage?
Ede4ka [16]

Answer:

C. to create awareness, organize customer trials, and develop a market for the product

Explanation:

The introduction stage is the first one in the product life cycle. At this stage, the product has just been launched in the market. The sales growth rate is low as customers are not aware of the commodity. The business incurs losses by having the product in the market.

The marketing goal at this stage is to create awareness about this product. The business makes efforts to create demand through promotions and awareness creation. The stage is associated with heavy advertisements as the business tries to popularize and establish a market share for the product.

5 0
3 years ago
Read 2 more answers
What document is a summary of the money a company brought in (revenue) and what it paid out (expenses)?
alexgriva [62]

The income statement shows a detailed picture of the transactions of all revenue and expenses. The income summary account then summarizes these figures in order to produce the statement of retained earnings. Both the income statement and income summary show the revenue and expenses of a company.

4 0
3 years ago
In which area should you encourage 10x thinking?
Katena32 [7]

Answer:

The question is too short. Add more details in order to get answer.

Explanation:

5 0
3 years ago
Other questions:
  • What is the likely impact of perquisites on the employees who receive them?
    5·1 answer
  • Why is teen crashes a problem, especially for teen drivers?
    14·2 answers
  • All​ organizations, including service firms such as banks and​ hospitals, have a production function.
    14·2 answers
  • Borchardt Corporation has provided the following data concerning last month’s operations. Direct materials $ 29,000 Direct labor
    15·1 answer
  • A means of displaying or graphing in two dimensions the location of products or brands in the minds of consumers to enable a man
    9·1 answer
  • Suppose Winston's annual salary as an accountant is $60,000, and his financial assets generate $4,000 per year in interest. One
    15·1 answer
  • Which market segmentation dimension describes consumers by the groups with which they associate?
    10·1 answer
  • A furniture dealer purchased a desk for $150 and then set the selling price equal to the purchase price plus a markup that was 4
    6·1 answer
  • Read the sentence.
    11·1 answer
  • While writing a formula, what are some ways to insert a cell reference into the formula? Check all that apply
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!