Product Safety

Cost Percentage of Deaths at 70 mph
$ 20 | 80%
$ 50 | 60%
$ 70 | 30%
$ 150 | 10%
$ 500 | 5%
write a 150-200 words answering the following questions providing specific examples to support your answers.
1. You are a member of a research development of a corporation that produces child car-safety seats.
How much in your estimation would you be willing to pay for a car seat?

2. How much, therefore is the life of your child worth to you?

3. How are utilitarian principles at work in this exercise?
4. How much are you willing to pay for product safety?