The cost of repositioning an automobile gas tank for greater safety is $11 per vehicle for 12.5 million vehicles. It is expected that 180 deaths will occur if the gas tank location is not redesigned. Failure to redesign the gas tank location therefore implies that the automobile company is implicitly valuing human life at:

A. more than $736,889.
B. more than $1,000,000.
C. less than $736,889.
D. exactly $500,000.


Answer: C

Economics

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The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for computer manuals after technological advances in making computers occur?

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The oligopolists restrict joint output to Q* and set their price at P*. Which equation is correct?



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Economics