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linhhh linhhh
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4 years 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

InMicro


Edition: 1st
Authors:
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Answer verified by a subject expert
shamanieshamanie
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4 years ago
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Answer accepted by topic starter
wrote...
#2
4 years 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
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#3
Posts: 393
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4 years ago
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#4
4 years ago
Brilliant
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#5
4 years ago
thank you
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#6
3 years ago
thank you
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#7
3 years ago
thanks!
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#8
3 years ago
thank you
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