Exhibit 14-2 Cigarette smoking data
Jack 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): $$\begin{array} { | c | c | c | c | }
\hline \begin{array} { c }
\text { Quantity } \
\text { of cigarettes }
\end{array} & \begin{array} { c }
\text { Total value to Jack } \
\text { of cigarettes }
\end{array} & \text { Days of life lost } & \begin{array} { c }
\text { Total value to Jill } \
\text { of days lost }
\end{array} \
\hline 1 & \$ 50 & 1 & \$ 30 \
2 & 90 & 2 & 60 \
3 & 120 & 3 & 90 \
4 & 140 & 4 & 120 \
5 & 150 & 5 & 150 \
\hline
\end{array}$$
-As shown in Exhibit 14-2, if non-smokers have a right to a smoke-free environment, and smokers have the right to negotiate, how many days of life will Jill lose?

Question

Exhibit 14-2 Cigarette smoking data
Jack 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): $$\begin{array} { | c | c | c | c | } 
\hline \begin{array} { c } 
\text { Quantity } \
\text { of cigarettes }
\end{array} & \begin{array} { c } 
\text { Total value to Jack } \
\text { of cigarettes }
\end{array} & \text { Days of life lost } & \begin{array} { c } 
\text { Total value to Jill } \
\text { of days lost }
\end{array} \
\hline 1 & \$ 50 & 1 & \$ 30 \
2 & 90 & 2 & 60 \
3 & 120 & 3 & 90 \
4 & 140 & 4 & 120 \
5 & 150 & 5 & 150 \
\hline
\end{array}$$
-As shown in Exhibit 14-2, if non-smokers have a right to a smoke-free environment, and smokers have the right to negotiate, how many days of life will Jill lose?

Quizplus · Accepted Answer

If non-smokers have the right to a smoke-free environment, Jill can negotiate with Jack to stop smoking. Jack will smoke up to the point where the value he places on cigarettes equals the compensation Jill is willing to pay for her days of life lost. This occurs at 3 cigarettes, where both Jack's total value and Jill's total value are $120. Thus, Jill will lose 3 days of life.

Exhibit 14-2 Cigarette Smoking Data Jack Enjoys Smoking, While Jill

Exhibit 14-2 Cigarette Smoking Data
Jack Enjoys Smoking, While Jill