Suppose further that each prevented case is considered to have a benefit of $100,000 and the cost of vaccinating one person is $25,000. Number of people vaccinated in Total Number of Cases prevented a given year 2,000 600 4,000 1200 6,000 1700 8,000 2100 10,000 2400 Using the marginal benefit/marginal cost rule, what is the optimal population for vaccination? 8,000 people 2,000 people 4,000 people 6,000 people

Suppose further that each prevented case is considered to have a benefit of $100,000 and the cost of vaccinating one person is $25,000. Number of people vaccinated in Total Number of Cases prevented a given year 2,000 600 4,000 1200 6,000 1700 8,000 2100 10,000 2400 Using the marginal benefit/marginal cost rule, what is the optimal population for vaccination? 8,000 people 2,000 people 4,000 people 6,000 people

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter17: Income, Poverty, And Health Care

Section: Chapter Questions

Problem 18P

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