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2. You are given the following information: (a) A program of air pollution control would reduce deaths from cancer from 1 in 8,000 to 1
2. You are given the following information: (a) A program of air pollution control would reduce deaths from cancer from 1 in 8,000 to 1 in 10,000 of the population. (b) The cost of the program is expected to be 300 billion Yen annually. 1 (c) The size of the relevant population is 50 million persons. (d) There is a social consensus that a reduction of one human death by an environmental program is worth 300 million Yen (the "statistical value" of a human life is agreed to be 300 million Yen). If the only benefit from the program is the reduced risk of death from cancer, can the adoption of the program be justified using an economic efficiency criterion
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