Suppose That the Marginal Private Benefit of a New Vaccine $M P B = 10 -$

question 3

Multiple Choice

Suppose that the marginal private benefit of a new vaccine could be measured as $M P B = 10 -$ $Q$ . Suppose that the marginal social benefit could be measured as $M S B = 12 - Q$ . Suppose that the private marginal cost curve could be measured as $M P C = Q$ . What quantity represents the optimal societal consumption of the vaccine?

• A) 4 units.
• B) 5 units.
• C) 6 units.
• D) 10 units.

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Definitions:

Rhodopsin

A light-sensitive receptor protein involved in visual phototransduction in the retina of the eye.

Visual Pigment

Photoreceptive molecules in the retina that absorb light and trigger nerve impulses that result in vision.

Optic Nerve

A paired nerve that transmits visual information from the retina to the brain.

Ganglion Cells

Neurons located in the retina that receive visual information from photoreceptors and transmit it to the brain via the optic nerve.