9. Suppose the government is considering a ban on a specific pesticide. The ban would raise production
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9. Suppose the government is considering a ban on a specific pesticide. The ban would raise production costs and thus food prices, harming the economy by $20 million. However, the ban would save lives due to fewer carcinogens in food. Explain how the government would use the value of a statistical life to determine if the ban benefits or harms society.
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Related Book For
Agricultural Marketing And Price Analysis
ISBN: 9781478646907
1st Edition
Authors: F. Bailey Norwood
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