In doing cost-benefit analysis of pollution regulations,the Environmental Protection Agency used a figure for the value of a senior citizen's life that was about __________ than the value for younger people's lives.
A) 11 percent less
B) 19 percent less
C) 38 percent less
D) 25 percent more

Question

Quizplus · Accepted Answer

The EPA used a figure of $7.22 million to represent the value of a younger person's life, while using $4.5 million for the value of a senior citizen's life. This represents a difference of about 38% less for the value of a senior citizen's life compared to a younger person's life.

In Doing Cost-Benefit Analysis of Pollution Regulations,the Environmental Protection Agency