Your state is considering enacting a law requiring that all motorcycle operators and their passengers wear a helmet.Motorcyclists vary in the degree to which they value being able to ride helmet-less and in the extent to which they value the safety provided by a helmet.
Without the regulation,who would wear a helmet?
A) cyclists and passengers for whom the marginal benefit of increased safety is greater than or equal to the expected cost of being in a serious accident.
B) cyclists and passengers for whom the marginal benefit of increased safety is greater than or equal to the purchase price of a helmet.
C) cyclists and passengers for whom the marginal benefit of increased safety is greater than or equal to the lost value of riding helmet-less.
D) cyclists and passengers for whom the marginal benefit of increased safety is greater than or equal to the lost value of riding helmet-less plus the purchase price of a helmet.
Correct Answer:
Verified
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