Biology Forums - Study Force

Question 1.

Figure 7-1

Figure 7-1 represents the market for vaccinations. Vaccinations are considered a benefit to society, and the figure shows both the marginal private benefit and the marginal social benefit from vaccinations.

Refer to Figure 7-1. Marginal private benefit is represented by which curve?

▸

Supply

▸

D2

▸

D1

▸

All of the above represent marginal private benefit.

Question 2.

Figure 7-1

Figure 7-1 represents the market for vaccinations. Vaccinations are considered a benefit to society, and the figure shows both the marginal private benefit and the marginal social benefit from vaccinations.

Refer to Figure 7-1. Marginal social benefit is represented by which curve?

▸

Supply

▸

D2

▸

D1

▸

All of the above represent marginal social benefit.

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Question 1.

Figure 7-1

Figure 7-1 represents the market for vaccinations. Vaccinations are considered a benefit to society, and the figure shows both the marginal private benefit and the marginal social benefit from vaccinations.

Refer to Figure 7-1. The market equilibrium quantity is ________ thousand vaccinations.

▸

100

▸

200

▸

300

▸

>300

Question 2.

Figure 7-1

Figure 7-1 represents the market for vaccinations. Vaccinations are considered a benefit to society, and the figure shows both the marginal private benefit and the marginal social benefit from vaccinations.

Refer to Figure 7-1. The efficient equilibrium quantity is ________ thousand vaccinations.

▸

100

▸

200

▸

300

▸

>300

Content hidden

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