How do you value a public good? There is a difference in the way a business provides and finances it's products and the way in which governments do the same. Governments must conduct a study of total benefit and costs of the good. Deciding to place a stoplight at a busy intersection to reduce the risk of fatal accidents can be defined in dollar terms regarding the cost of the equipment (stop sign) and labor to install. BUt how do you quantify the value of saving a life? What is the value of your life? How do you determine that value? Explain/Discuss