Professor Kip Viscusi estimated that the cost per life saved by current government risk-reducing programs ranges from

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Professor Kip Viscusi estimated that the cost per life saved by current government risk-reducing programs ranges from $100,000 for unvented space heaters to $72 billion for a proposed standard to reduce occupational exposure to formaldehyde.

a. Assuming these values to be correct, how might efficiency be enhanced in these two programs?

b. Should the government strive to equalize the marginal costs per life saved across all lifesaving programs?

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