Pollution in Pennsylvannia steel mills reduces the average life expectancy from 75.7 to 74.4 in Bethlehem PA. Assuming a value of a statistical life of $8 million and a population of 71,014, what is the cost of the pollution to the current community? (Answer in dollars and cents, 500.10).    Short answer

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Pollution in Pennsylvannia steel mills reduces the average life expectancy from 75.4 to 73.6 in Bethlehem PA. Assuming a value of a statistical life of $8 million and a population of 75,297, what is the cost of the pollution to the current community? (Answer in dollars and cents, 500.10).    

According to studies on the effects of education and life longevity, the average American female college graduate will live an additional  5.3 years longer than a female high school graduate. The average American college graduate will live an additional 4.8 years longer than a male high school graduate.  Moreover, economists can calculate the value of one year of life using a model that represents the average utility that person would attain during one year of life. This is referred to as the value of statistical life (VSL). According to recent studies, the value of 1 statistical life year is approximately $100,000 in the USA (it varies by country).  If on average, a college graduate lived 5 years longer than their high school graduate, this would represent an implicit benefit of: 

What is the value of a worker's life if her compensating differential is $20,000 for a job that has a 2% higher risk of death each year?

Pedersen Industries wants to initiate a new project. To facilitate the project, an increase in cash of $20,000 will be required and the firm needs to build up $15,000 in inventory. The firm is expecting revenues of $500,000 per year and cost of goods sold (COGS) of $400,000. Pedersen Industries is expecting that Accounts Receivables (AR) will account for 5% of annual sales and Accounts Payables (AP) will account for 10% of COGS. All these changes will occur in year t=1. ​ What is the incremental cash flow effect from the change in Net Working Capital (NWC) in year 1?

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