Edgar's Expected Private Benefit from the Flu Shot Is $15

question 32

Multiple Choice

Edgar's expected private benefit from the flu shot is $15, and it would cost him $20 to get vaccinated. Therefore, which statement is correct?

• A) It is socially optimal for Edgar to get the flu shot if the social benefits of the shot exceed $20.
• B) The external benefits of the flu shot equal $5 ($20 - $15).
• C) Even without a government subsidy, Edgar is certain to be vaccinated.
• D) The deadweight loss is eliminated if Edgar is vaccinated and the external benefits are $4.

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Definitions:

Sexual Dimorphism

A difference in form between males and females of a species, including color, body size, and the presence or absence of structures used in courtship displays (elaborate tail plumes, ornaments, pigmented skin patches) or in contests (antlers, tusks, spurs, horns).

Sexual Selection Theory

A concept in evolutionary biology suggesting that certain traits evolve to increase an individual's chances of mating, as opposed to natural selection which focuses on survival.

Mate Guarding

A behavioral strategy used by individuals within species to protect their mating partner from mating with rivals, thus securing paternity.

Toxic Chemicals

Substances that can cause harm to organisms through chemical reactions or other mechanisms when ingested, inhaled, or absorbed.