Imagine that you are working on a committee to develop an


Question: Imagine that you are working on a committee to develop an employmentconditions policy for your firm. During the discussion of safety, one committee member states that employee safety is twice as important as benefits such as flexible worktime, employer sponsored day care, and so on.

a. How might you respond to such a statement?

b. Suppose the statement was that employee safety was twice as important as insurance benefits. How might you translate this statement into a form (perhaps based on dollar values) so that it would be possible to evaluate various policy alternatives in terms of safety and insurance in a way that would be consistent with the statement?

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Microeconomics: Imagine that you are working on a committee to develop an
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