The workers in the more dangerous jobs be paid

Assignment Help Business Economics
Reference no: EM131001155

Assume the value of a statistical life is $85,000,000 and that workers in more dangerous jobs are exposed to an additional 1/105 risk of death. How much more should the workers in the more dangerous jobs be paid (compared to the other workers)?

Reference no: EM131001155

Questions Cloud

Calculate the present value of plan : Suppose that you win the state lottery. You have two options to receive your winnings. Plan 1 pays you a lump-sum amount of $300,000. Plan 2 pays you $20,000 today, $100,000 after one year, and $200,000 after two years. Assume that the current intere..
Average male score on the math portion : For the years 1967 to 1990 (note this gives 24 observations) the average male score on the math portion of the SAT was 500 with a variance of 46.61 and the average female score on the math portion of the SAT was 453.67 with a variance of 83.88. Assum..
Belief qualify as a bona fide occupational qualification : When can an employee’s religious belief qualify as a bona fide occupational qualification? Do you believe religious hiring is BFOQ? Can a person claim to be discriminated against because of his or her spouse's national origin? Multimatrix, Inc., has ..
Evaluate the management of each companys investment : Obtain annual reports from three corporations in the same primary industry and compare the management of each company's investment in receivables.
The workers in the more dangerous jobs be paid : Assume the value of a statistical life is $85,000,000 and that workers in more dangerous jobs are exposed to an additional 1/105 risk of death. How much more should the workers in the more dangerous jobs be paid (compared to the other workers)?
Indicate what happens to demand or supply : Given the products below and the events that affect them, indicate what happens to demand or supply, and the equilibrium price and quantity in a competitive market. Identify the determinant of demand or supply that causes the shift.
How much would the mass of the box increase : Three events occur at the same time in the laboratory frame and at the laboratory coordinates (x0,y1, z1), (x0,y2, z2) and (x0,y1, z3) where x0 has the same value for all three events. Will these three events be simultaneous in a rocket frame movi..
The market is paying producers : March 2016 corn futures are trading at $3.6175/bushel. The market is “paying” producers $0.0975/bushel to store corn to July 1, 2016 (trading at $3.715). How much should the carrying charge be if the monthly storage fee is $0.02/bushel and the averag..
Examine the value and limitations of abc corporation : Propose a taxable acquisition structure for the client's planned acquisitions over a nontaxable reorganization. Assess the value of a taxable transaction over a nontaxable reorganization for the client.

Reviews

Write a Review

Business Economics Questions & Answers

  Prices under third-degree price discrimination

You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is -6, while group 2’s is -4. Your marginal cost of producing the product is $50. Determine your optim..

  Describe the demand and marginal revenue curves faced

Describe the demand and marginal revenue curves faced by a firm in a purely competitive market. Are they different from those faced by a firm in oligopolistic competition? If so, why?

  Consider the opportunity cost

Consider the following statement. "Winter ice storms that sometimes hit Chicago are good for the economy. They create many jobs to remove downed limbs and replace trees and bushes." Do you agree that ice storms are a net benefit to the economy? To an..

  Bureaucratic organizational structure

The bureaucratic form of government is so prevalent in public agencies and tends to result in a slower paced, less consumer oriented management

  Elucidate relationship between firm contribution margin

Elucidate the relationship between P > AVC and a firm's contribution margin, when a firms is making a decision to shut down operations.

  Explain how would one determine the opportunity cost

President Bill Clinton assigned his wife the task of developing a national health insurance plan to increase the availability of medical care for the poor. Explain how would one determine the opportunity cost of the proposal.

  Wealth transfer paid for by tax on younger workers

Suppose the elderly as a group manage to lobby Congress successfully for a one-time wealth transfer, “paid for” by a tax on younger workers. Assume the elderly have a remaining life-expectancy of 10 years (over which the transfer will be spread), and..

  Explain is it irrational for an individual to take the time

Explain is it irrational for an individual to take the time to be completely rational in economic decision making.

  Why are some old eu members so upset about east european tax

these cuts are not discriminate theory, re is nothing EU can or should do about m. So why are some old EU members so upset about East European taxes.

  In a sample from a previous fund raising campaign

A local church parish wants to raise money to add to their campus. In a sample from a previous fund raising campaign, the parish found that of the 136 people in the sample they contacted, that 67 actually contributed money. When testing (at the 5% le..

  Actual inflation exceeds anticipated inflation

If actual inflation exceeds anticipated inflation, who will lose purchasing power, and who will gain? How does unanticipated inflation harm the country? As part of your answer, include how you and your employer would both be affected.

  Is publishing house making the optimal input choice

The last printer added 20 books to total output, while the last press added 1,000 books to total output. Is the publishing house making the optimal input choice.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd