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Economics

Q. you are deciding where to go on vacation in country A where your risk if death is 1 in 10.000 and you pay 600 in vacation. While your choice is to go in vacation in country B risk of death is 1 of 20.000 and you pay 9000 $ to go in vacation. Suppose that you are indifferent in between these designations, save for differential risk of death, and illustrate what does your willingness to pay for se vacation tells you about Explain how much you value your life.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9306391

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