If Jane Is Willing to Pay $200 for Shoes That

question 2

Multiple Choice

If Jane is willing to pay $200 for shoes that reduce her risk of death from sore feet by .0001 (1/10,000) , what is her implied value of life?

• A)$200,000
• B)$1,000,000
• C)$2,000,000
• D)$10,000
• E)Infinity

---

Definitions:

Implicit Memory

A type of memory that enables individuals to perform tasks without conscious awareness of these previous experiences.

Explicit Memory

The type of long-term memory that involves conscious recollection of facts and experiences.

Neural Activity

The electrical and chemical processes within neurons that allow the brain and nervous system to function.

Neurons

Specialized cells transmitting nerve impulses; the basic building blocks of the nervous system.