+1-415-670-9189
info@expertsmind.com
Vaccine is developed for highly contagious strain of flu
Course:- Microeconomics
Reference No.:- EM13700142




Assignment Help
Assignment Help >> Microeconomics

Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine.

a. Private incentives will lead to _____­­_ people receiving the vaccine at a cost of ___.

b. If the flu vaccine is provided by private markets, deadweight loss will be ________.

c. The socially optimal number of vaccines is _____. This externality could most effectively be corrected by _______________________.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Microeconomics) Materials
The Journal of Internet Banking and Commerce at http://www.arraydev.com/ commerce/JIBC/current.asp is a Web-based magazine devoted to Internet banking and related issues.Tak
Assignment 4: The U.S. Cigarette industry has negotiated with Congress and government agencies to settle liability claims against it. Under proposed settlement, cigarette comp
Suppose we have an economy in which G = 100, t = 0.26, Y = 3800, and YN = 4000. Then t rises to 0.28 as the same time as G rises to 150. The overall impact of this resettling
Forty years ago, the price of a new Volkswagen was $5,000. (Actual price adjusted to simplify the calculation). The price of a new Volkswagen is $25,000 today. Basing your ans
At the end of 1973 Japan had a per capita real output of $14,379. If, on average, Japan’s real per capita output grew at a rate of 3 percent per year between 1973 and 1993. Wh
You know these talented people can find other work even the present economy and wonder how you can convince them a move to even the mid-Atlantic South is worth exchanging fo
You need both equations and clearly labeled graphs. Assume that b=1/2 and that initially the real interest rate is equal to the marginal product of capital at 3%. As well, ass
Does your introduction set the context for the paper? Do you have a clear thesis which states your main point about the subject of this paper? Does your thesis reflect careful