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]
2 years 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]2 years 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
What is the correct hierarchical structure of authority in a high school, from the highest level of authority to the least?
Tatiana [17]

Answer:

Superintendent, Principal, teacher, student

Explanation:

5 0
3 years ago
If japanese autos surge in popularity in the united states, then this event is most likely to cause the japanese yen to?
romanna [79]

If japanese autos surge in popularity in the united states, then this event is most likely to cause the japanese yen to appreciate and the U.S dollar to depreciate.

<h3>What are the automotive industries in the Japan?</h3>

The automotive industry in Japan is considered as one of the most prominent and largest industries in the world. It is a major pillar of the country's economy.

Some of the major Japanese automotive manufacturers include Toyota, Nissan, Mazda, Subaru, Mitsubishi, Honda, Suzuki, Isuzu, Daihatsu, and Mitsuoka.

Basically, the automotive sector in Japan is the third-largest automotive producing industry in the world.

Learn more about automotive industries in Japan here:

brainly.com/question/23137181

#SPJ1

5 0
2 years ago
Rayman Automobiles, an automobile manufacturing company, was founded in 1912. The company primarily focused on creating greater
kiruha [24]

Answer:

Option C: Production Era

Explanation:

The production era. Is known as Stage 2 of marketing's evolution. found in the 1930s, highest production capability than ever before. The problem now became competition then. It was characterized by mass production of lots of products increased the availability of product in the marketplace that is available.

8 0
3 years ago
A local newspaper is planning to come up with a special series on the growth of entrepreneurship within the community. each week
kodGreya [7K]

Answer – PUBLICITY

 

A business owner featured on a local newspaper to share his or her success story is being offered the opportunity to promote his or her business through publicity. This is because the article published about him or her will <span>build some measure of public awareness about his or her products, services or/and expertise.</span>

3 0
4 years ago
FlanCrest Enterprises is a mid-sized auto supply company that manufactures electronic components for cars. It has approximately
Nadusha1986 [10]

Answer: d. Control, because they are attempting to minimize labor costs

Explanation:

By trying to reduce labor costs, FlanCrest is engaging in a Control HR Strategy that will see them control the costs being expended on human resources.

This case shows how Controling activities such as cost cutting can be done to keep customers because if FlanCrest did not do what they did, they might have lost Widespread Motors as customers.

7 0
4 years ago
Other questions:
  • Burt has a good job title and is recognized and respected at work. Burt’s job boosts his self-esteem and helps him feel confiden
    7·1 answer
  • BRAINLIST NEED HELP ASAP
    10·1 answer
  • The records of Gemini Company show a contribution margin ratio of 40%. The company desires to earn a profit of $40,000 and has f
    5·1 answer
  • (Section 5.5)
    8·1 answer
  • Picture included
    11·1 answer
  • Anthony and Michelle Constantino just got married and received ​$29,000 in cash gifts for their wedding. How much will they have
    10·1 answer
  • According to the FASB’s conceptual framework, the quality of information that enables users to identify similarities in and diff
    12·1 answer
  • A business should not be concerned with where they hope to be in twenty years
    9·1 answer
  • The Jackson Company incorrectly omitted $100,000 of merchandise from its 20X1 ending inventory. In addition, a merchandise purch
    14·1 answer
  • 5. Explain one reason homeowners might lose their home?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!