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This is from Economic class (Health policy)
1. Assume a large group of individuals is willing to engage in an activity that has a 5% increased chance of death over the course of a year.
Further, assume this activity is a hazardous occupation, and these of these 1000 individuals are each compensated an additional $100,000 in salary.
What is the estimate of a value of statistical life (VSL) in this example?
2. Assume a large group of individuals is willing to engage in an activity that has a 5% increased chance of death over the course of a year. If there were 1000 individuals, how many would be expected to die?
Explain the difference between a charge in demand and a change in quantuty demanded.
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Illustrate what is the minimum price neccessary for this firm to produce any output in the short run.
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What is the highest write down of the bank's loans that the bank can sustain without violating the requirement?
At the end of 4 years, she sold the lot for a net value of $15,000. What rate of return did she receive on her investment?
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