The value of a statistical life (VSL) __________. Question 8 options: is the marginal willingness to pay for risk reduction divided by the marginal change in risk is used by EPA in benefit-cost analyses of pollution control regulations that reduce the risk of premature death from pollution exposure is the average value obtained from 21 different hedonic wage studies and five stated preference studies that estimate the value of risk reductions It is the "value of a life" in economic terms all of the above only A, B, and C are correct