Question 1: Suppose that 100 people live around a hazardous waste dump in northern Saskatchewan. If the people continue to live there for 20 years, one of them will likely contract a painful, nonfatal cancer that will lead to $1 million in health care costs, foregone wages, and pain and suffering. Assume this is all the damage this waste will ever do [the waste loses its toxicity after 20 years}. The Environment Canada has three choices: a. Do nothing. b. Clean up at a cost of $4 million c. Relocate the families at a cost to taxpayers of $1 million; fence off the property for 20 years. i. Rank the solutions in terms of efciency. Explain your reasoning. ii. Rank the solutions in terms of safety. Explain your reasoning