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linhhh linhhh
wrote...
Posts: 319
A week ago

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.

Textbook 

InMicro


Edition: 1st
Authors:
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4 Replies
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Answer verified by a subject expert
shamanieshamanie
wrote...
Posts: 306
A week ago
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Answer 1

D1



Answer 2

D2

1

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Answer accepted by topic starter
wrote...
A week ago

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

Answer verified by a subject expert
christinaalexchristinaalex
wrote...
Posts: 315
A week ago
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Answer 1

200



Answer 2

300

1

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wrote...
A week ago
Brilliant
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