The benefits of government projects often include reductions in risks to human life, so decisions about the desirability of such projects often depend on the valuation of risks to life. A. Discuss the advantages of using explicit rather than implicit values. B. Suppose that the average American would be willing to pay $750 to reduce their annual risk of dying by 0.0001. What is their average VSL? C. If a project with an annualized cost of $140 million dollars would save an average of twenty lives per year, would it be likely to be worthwhile under each of the following assumptions about the population affected by the project? 1. It is similar in all relevant respects to the total population. 2. It is poorer on average than the population of America as a whole