Consider two outcomes, x and y, with the relevant information described in the following:

Outcome x:

consumption health status utility

individual A 80 Fair 91.31

individual B 400 Excellent 409.38

Outcome y:

consumption health status utility

individual A 130 Good 140.15

individual B 300 Good 310.39

Let z and w are two outcomes given below:

Outcome z:

consumption health status utility

individual A 81.16 good 91.31

individual B 300 good 310.39

Outcome w:

consumption health status utility

individual A 130 good 140.15

individual B 398.99 good 409.38

1.1. Given the above information, what's the recommendation by CBA on outcomes x and y?Explain your reasoning

1.2. How would a utilitarian rank the two outcomes x and y?Explain.

1.3. How would any one who subscribes to a notion of equality of outcomes rank x and y?Explain.

2.Suppose that the amount people are willing to pay to eliminate a risk of death of 1/100,000 is $60.What's the VSL?