Suppose that the cost of installing an overhead pedestrian walkway in a college town is $50,000.If the walkway is expected to reduce the risk of fatality by 0.5 percent and the cost of a human life is estimated at $5 million,what would the town do
A)The town would install the walkway because the estimated benefit is twice the cost.
B)The town would install the walkway because the estimated benefit equals the cost.
C)The town would not install the walkway since the cost is twice the estimated benefit.
D)The town would install the walkway since the cost of even a single life is too great.

Question

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The Answer of Suppose that the cost of installing an overhead pedestrian walkway in a college town is $50,000.If the walkway is expected to reduce the risk of fatality by 0.5 percent and the cost of a human life is estimated at $5 million,what would the town do
A)The town would install the walkway because the estimated benefit is twice the cost.
B)The town would install the walkway because the estimated benefit equals the cost.
C)The town would not install the walkway since the cost is twice the estimated benefit.
D)The town would install the walkway since the cost of even a single life is too great.

Suppose That the Cost of Installing an Overhead Pedestrian Walkway