Suppose you are part of an economic analysis team charged with recommending a policy response to pesticide risks. Your team decides to use risk-benefit analysis as its risk management strategy.
a. On the risk side of the analysis, your team reviews the following data from the risk assessment process. Interpret each of these quantitative findings about pesticide risk, by stating precisely what the numerical value(s) mean or imply in each case. Be specific.
(i) Pesticide W: Reference Dose (RfD) = 0.005
(ii) Pesticide X: threshold level of 0 for infants and children
(iii) Pesticide Y: carcinogenic risk of 0.0075 percent
(iv) Pesticide Z: a dose (D)-response (R) function modeled as R = 0 for all D

Question

Suppose you are part of an economic analysis team charged with recommending a policy response to pesticide risks. Your team decides to use risk-benefit analysis as its risk management strategy.
a. On the risk side of the analysis, your team reviews the following data from the risk assessment process. Interpret each of these quantitative findings about pesticide risk, by stating precisely what the numerical value(s) mean or imply in each case. Be specific.
(i) Pesticide W: Reference Dose (RfD) = 0.005
(ii) Pesticide X: threshold level of 0 for infants and children
(iii) Pesticide Y: carcinogenic risk of 0.0075 percent
(iv) Pesticide Z: a dose (D)-response (R) function modeled as R = 0 for all D < 0.6, R = - 0.3 + 0.5D for all D $\ge$ 0.6.
b. On the benefit side of the analysis, briefly describe two distinct benefits to society that are relevant to a risk-benefit analysis of pesticides.

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The Answer of Suppose you are part of an economic analysis team charged with recommending a policy response to pesticide risks. Your team decides to use risk-benefit analysis as its risk management strategy.
a. On the risk side of the analysis, your team reviews the following data from the risk assessment process. Interpret each of these quantitative findings about pesticide risk, by stating precisely what the numerical value(s) mean or imply in each case. Be specific.
(i) Pesticide W: Reference Dose (RfD) = 0.005
(ii) Pesticide X: threshold level of 0 for infants and children
(iii) Pesticide Y: carcinogenic risk of 0.0075 percent
(iv) Pesticide Z: a dose (D)-response (R) function modeled as R = 0 for all D < 0.6, R = - 0.3 + 0.5D for all D $\ge$ 0.6.
b. On the benefit side of the analysis, briefly describe two distinct benefits to society that are relevant to a risk-benefit analysis of pesticides.

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