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iloveyofacexx3 iloveyofacexx3
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Posts: 467
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4 years ago

Question 1.

Figure 5-6



Figure 5-6 shows the market for measles vaccinations, a product whose use generates positive externalities.



Refer to Figure 5-6. What does D1 represent?



▸

the positive externalities curve



▸

the social welfare curve



▸

the demand curve reflecting private benefits



▸

the demand curve reflecting social benefits



Question 2.

Figure 5-6



Figure 5-6 shows the market for measles vaccinations, a product whose use generates positive externalities.



Refer to Figure 5-6. What is the economically efficient output level?



▸

Q2 - Q1



▸

Q1 + Q2



▸

Q2



▸

Q1

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
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sadeensadeen
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Posts: 409
Rep: 53 0
4 years ago
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wrote...
#2
4 years ago

Question 1.

Figure 5-6



Figure 5-6 shows the market for measles vaccinations, a product whose use generates positive externalities.



Refer to Figure 5-6. What does D2 represent?



▸

the demand curve reflecting marginal social benefits



▸

the social welfare curve



▸

the positive externalities curve



▸

the demand curve reflecting marginal private benefits



Question 2.

Figure 5-6



Figure 5-6 shows the market for measles vaccinations, a product whose use generates positive externalities.



Refer to Figure 5-6. What is the market equilibrium output level?



▸

Q2



▸

Q1 + Q2



▸

Q2 - Q1



▸

Q1
wrote...
#3
4 years ago

Answer 1

the demand curve reflecting marginal social benefits



Answer 2

Q1
wrote...
#4
4 years ago
Thanks
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