Statistical Value of a Human Life: A construction company needs to hire workers for a very risky job where the worker has a 1% greater chance of dying than the worker would in a normal risk job. Assume there are 11 people in the entire economy's labor market. The workers' willingness to incur risk are summarized in the following table. Number of Workers Lowest salary at which the Salary of the worker in worker would be willing to their normal risk job take the risky job [2 points] How would you describe the first worker's preferences? [5 points] Based on this table, what is the average statistical value of a human life to the people in this economy (revealed preference)? [2 points] The employer with the riskyjob needs to hire 3 workers. The employer has to pay all 3 workers the same salary. What salary will the employer with the risky job pay? Which workers will work for the employer? [Assume all workers are equally productive at the risky job]