Suppose That Installing an Overhead Pedestrian Walkway Would Cost a College

question 105

Multiple Choice

Suppose that installing an overhead pedestrian walkway would cost a college town $80,000.The walkway is expected to reduce the risk of fatality by 1.6 percent,and the cost of a human life is estimated at $10 million.The town should

• A) install the walkway because the estimated benefit is twice the cost.
• B) install the walkway because the estimated benefit equals the cost.
• C) not install the walkway,since the cost is twice the estimated benefit.
• D) install the walkway,since the cost of even a single life is too great not to take action.

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