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Figure 5-10
Chicken pox vaccinations for toddlers benefit society by protecting young children and by preventing an epidemic of the disease. Thus, the marginal social benefits of chicken pox vaccinations exceed the marginal private benefit for any quantity of vaccinations as illustrated in Figure 5-10.
-Refer to Figure 5-10.One way to obtain the economically efficient amount of chicken pox vaccinations is for governments to subsidize these vaccinations.What is the size of the per-vaccination Pigovian subsidy that the government must provide to internalize the external benefits?
Taste Buds
Sensory organs located on the tongue, responsible for the perception of taste.
Daily Consumption
The amount of food, drink, or other products used by an individual on a daily basis.
Taste Bud Pore
An opening on the surface of the tongue through which taste stimuli enter and interact with taste receptor cells located in taste buds, allowing for the sensation of taste.
Receptor Cells
Specialized cells that respond to specific chemical or physical stimuli in the body and transmit signals to nerves.
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