-Vaccinations Provide Both Private Benefits and External Benefits

question 345

Multiple Choice

-Vaccinations provide both private benefits and external benefits. The table above gives information on the marginal private benefit and marginal external benefit associated with vaccination against varicella (chicken pox) . If the marginal cost of a varicella vaccination is $10, then the unregulated competitive equilibrium will have

• A) 2 million vaccinations.
• B) 3 million vaccinations.
• C) 4 million vaccinations.
• D) 5 million vaccinations.

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Definitions:

Sales Discount

A reduction in the price charged to customers, typically given in exchange for prompt payment.

Discount Period

The discount period refers to the time frame in which a payment can be made at a reduced rate, typically in the context of early payment incentives to debtors.

Primary Source

Original documents or evidence directly associated with a subject or event under investigation, used in research.

Revenue

The total amount of money generated by the sale of goods or services related to a company's primary operations.