Business, 18.04.2020 02:20 BIGMATHBOY4757

A worker, who is typical in all respects, works for a wage of $30,000 per year in a perfectly safe occupation. Another typical worker does a job requiring exactly the same skills as the first worker, but in a risky occupation with a known death probability of 1 in 1,000 per year, and receives a wage of $36,000 per year. What value of a human life for workers with these characteristics should a cost-benefit analyst use?

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A worker, who is typical in all respects, works for a wage of $30,000 per year in a perfectly safe o...