User Account

All Pages

Regulation to remove asbestos in workplaces

Assignment Help Business Economics
Reference no: EM133083958

According to Viscusi and Gayer (2005), regulations in the United States vary greatly in the cost per each life they save and the value of life is between $4 million and $10 million (Viscusi, 2006). The regulation to install passive restraints in vehicles has a cost per life saved of $600,000, whereas the regulation to remove asbestos in workplaces has a cost per life saved of $180 million. What regulations pass a cost-benefit test? How might resources be shifted between these regulations in order to reduced cost or save more lives?

Reference no: EM133083958

Questions Cloud

Change strategies-what the vision for change for firm : Identify what the vision for change for this firm would be. Prepare a diagnosis of firm and identify the problem /challenge / dilemma that this firm is facing
What are some images of innocence : What are some images of innocence, or Eden, featured in chapter 4 of Slaughterhouse five?
Characterize the competitive life cycle : Map the Competitive Life Cycle for game players focusing on the current generation. Characterize the competitive life cycle, paying special attention to the nat
Current status of science and technology in our country : What do you think is the current status of science and technology in our country?
Regulation to remove asbestos in workplaces : What regulations pass a cost-benefit test? How might resources be shifted between these regulations in order to reduced cost or save more lives?
Create a simple business plan : Using a fictional product or service, create a simple business plan by answering the three questions business owners must consider.
Financial repression leads to low economic growth : Recent research has found that financial repression leads to low economic growth. Explain why
Short-run and long-run impacts of the events : Using the AS/AD model, discuss the likely short-run and long-run impacts of the following events with proper diagram(s), assuming that the government takes no f
Negotiation module : Value Creation, claiming, and concessions- definitions, how to, advantages. Power- definition, importance, gaining power

Reviews

Write a Review

Business Economics Questions & Answers

  How would more controlled access to credit

How would a more controlled access to credit by firms and individuals have reduced the over leverage of businesses and individuals and decreased the likelihood of the recent economic downturn?

  Examples of events that could shift

What are some examples of events that could shift the demand or supply of labor and why they do so?

  Legally liable for cradle to grave responsibility

Should manufacturers be legally liable for "cradle to grave" responsibility for their products? Should manufacturers be responsible for recycling their products after consumers are finished with them?

  Determine the marginal product function

Consider the following short-run production function (where L = variable input, Q = output) Q = 6L2 - 0.4L3 (2 and 3 are not numbers, its like an exponent to L,

  What is the new equilibrium income

Suppose the consumption behavior in problem 1 changes so that C=100+0.9Y, while I remains at 50. Is the equilibrium level of income higher or lower than it was in problem 1(a)? Calculate the new equilibrium level, Y’, to verify this. Now suppose Inve..

  Calculate and print out the balance due

The nominal interest is 12% per year, compounded monthly. Payments are made monthly for 3 years. The original loan is for $11,000.

  Calculate the monopolist profit-maximizing quantity

A monopolist has a constant marginal and average cost of $10 and faces a demand curve of QD = 1000 - 10P. Marginal revenue is given by MR = 100 - 1/5Q.

  Affect consumer surplus and producer surplus in both markets

Suppose PlayStations and PlayStation games are complementary goods. Now there is a technological advance in the production of PlayStations. Use a supply/demand diagram of PlayStations market and a supply/demand diagram of PlayStation games market to ..

  Explain how the multiplier can achieve full employment

About John Maynard Keynes. Explain the 4 tenets of the classical position. Consequences of Pease: explain Keynes concerns regarding the Armistice. What did Keynes really mean by “in the long run we are all dead>” Explain how the multiplier can achiev..

  Find the? z-score such that the area under the standard

1) Find the? Z-score such that the area under the standard normal curve to the right is 0.22.

  Corporate social responsibility initiatives

Can you come up with 5 innovative CSR (corporate social responsibility) initiatives that Starbucks may adopt?

  Most likely result of increase in what type of unemployment

Suppose that unemployment increase because the government requires employment to provide more funds for their employee’s retirement programs. The increase in unemployment is most likely a result of an increase in what type of unemployment? Explain

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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