Question
Suppose that an impending environmental regulation to control a hazard is expected to reduce the risk of premature death from 6/100,000 to 2/100,000 per
Suppose that an impending environmental regulation to control a hazard is expected to reduce the risk of premature death from 6/100,000 to 2/100,000 per year. The exposed population is four million people. Your boss asks you to tell her what is the maximum this regulation could cost and still have the benefits be at least as large as the costs. The cost is 10 million dollars. What is your answer?
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