Suppose the cost to erect a tornado siren in a small town is $15,000. In addition, suppose the value of a human life is $10 million. By what percentage would the siren need to reduce the risk of a fatality for the benefits of the siren to exceed the costs of the siren?
A) By at least 0.015 percentage points.
B) By at least 0.15 percentage points.
C) By at least 1.5 percentage points.
D) By at least 5 percentage points.
Correct Answer:
Verified
Q157: A cost-benefit analysis of a highway is
Q259: Table 11-3
This table describes the police protection
Q260: Table 11-5
A small island off the coast
Q261: After a recent spike in violent crime,
Q263: The greatest difficulty with cost-benefit analysis of
Q265: In a cost-benefit analysis, the value of
Q266: Miguel, Maria, and Marcos all would like
Q267: Suppose that policymakers are doing cost-benefit analysis
Q268: Which of the following is an approach
Q269: Before considering any public project, the government
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents