Fewer People Get Flu Shots Than Is Efficient Because

question 12

Multiple Choice

Fewer people get flu shots than is efficient because:

• A) people usually perceive that the private cost of getting flu shots is higher than their private benefit.
• B) people usually perceive that the private benefit of getting flu shots is higher than their private cost.
• C) the cost of producing flu shots is too high in relation to profits.
• D) there are always more people taking take flu shots than the amount of flu shots available.

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Definitions:

Budget Constraint

A budget constraint represents the combination of goods and services that a consumer can purchase with their limited income.

Indifference Curves

In consumer theory, a graph showing combinations of goods or services among which a consumer is indifferent, reflecting preferences.

Optimum

The condition or outcome that is most favorable or efficient under the given circumstances.

Budget Constraint

The limitation on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.