ECO 2620 | Whitehead | Problem set #5 Given the following information for an air pollution policy: . Benefits = Lives saved × VSL o Lives saved = 100 to 200 o VSL= $4 million (CVM), $9 million (HWM) Costs $400 million, $800 million [1] What is the net benefit in each of these situations (show your work)? a) Base Case = b) Best Case c) Worst Case

ECO 2620 | Whitehead | Problem set #5 Given the following information for an air pollution policy: . Benefits = Lives saved × VSL o Lives saved = 100 to 200 o VSL= $4 million (CVM), $9 million (HWM) Costs $400 million, $800 million [1] What is the net benefit in each of these situations (show your work)? a) Base Case = b) Best Case c) Worst Case

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter17: Externalities And The Environment

Section: Chapter Questions

Problem 13PAE

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