How the monetary value was calculated

Assignment Help Microeconomics

Reference no: EM132199141

Question: Once you have read the textbook content about the Ford Pinto case (pages 65-69 and 99-107) and watched the video entitled "Milton Friedman - The Value of Human Life Debate," please participate in this week's online discussion by researching a way in which a contemporary business, organization, government, or other entity assigns a monetary value to human life today. Having done so, please provide the following information:

1. The name of the entity or organization

2. The purpose of their assigning a monetary value to human life

3. The estimated monetary value

4. How this monetary value was calculated

5. Your thoughts on this entity or organization using this method for assigning a value to human life.

After making your initial post, please review your classmates' posts to identify an instance where your answer to number five would be different. For example, if you disagree with the organization you identified using a certain way of valuing human life, find a classmates' post where you would agree with the organization they identified using a certain means for valuing human life. Reply to the classmates' post comparing and contrasting the different ways that the two organizations go about valuing human life from a monetary perspective.

Reference no: EM132199141

Questions Cloud

Which workers will be hired and how much will they make : There is a 50% chance that an employee is skilled. Which workers will be hired and how much will they make?

Describe the four factors of production : Describe the four factors of production. How have the owners of Finagle A Bagel used to build the business over time? Do some research on finagle A Bagel.

First quartile of the number of citation issued per day : What is the first quartile of the number of citation issued per day?

What is the new equilibrium price and quantity : What is the new equilibrium price and quantity and how big is the deadweight loss?

How the monetary value was calculated : Once you have read the textbook content about the Ford Pinto case (pages 65-69 and 99-107) and watched the video entitled "Milton Friedman.

Write a function to the length of the exponential moving : Write a function that moveAve that takes two inputs: a numerical vector (vecIn) and a number(l) corresponding to the length of the exponential moving average.

Most common financial investments : What are the differences between the most common financial investments: stocks, bonds, and mutual funds?

Marginal revenue curve of a pure monopoly : Give two reasons why Marginal Revenue curve of a pure monopoly is downward slopping?

India demonetization policy : What alternative approaches could have been used to deal with India's Demonetization policy to purge black money and why would have been these alternatives bett

User Account

All Pages