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
Chapter17: Income, Poverty, And Health Care
Section: Chapter Questions
Problem 18P
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Transcribed Image Text: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
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