Exhibit 14-2 Cigarette smoking dataJack enjoys smoking, while Jill fears that second-hand smoke will shorten her life. The following table shows the value Jack places on each cigarette he smokes, and the value Jill places on her shortened life. Use the table to answer the following question(s):
Quantityof cigarettes
Total value to Jackof cigarettes
Days of life lost
Total value to Jillof days lost
1
$ 50
1
$ 30
2
90
2
60
3
120
3
90
4
140
4
120
5
150
5
150
As shown in Exhibit 14-2, what is the socially efficient number of cigarettes?
A. 0.
B. 1.
C. 3.
D. 5.
Answer: C
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