The marginal benefit and marginal cost of each increment of small pox vaccination Concept Introduction: Marginal cost: Marginal cost is the additional cost made to the total cost in the production of an additional unit of the commodity Marginal benefit: The marginal benefit is the additional benefit resulted from producing the additional unit of a good or service. Marginal Analysis: Marginal analysis is used to compare the benefits and cost derives out of a specific action. The marginal changes refers to the small incremental adjustment to a plan of action

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Chapter 9, Problem 8P

To determine

To calculate:

The marginal benefit and marginal cost of each increment of small pox vaccination

Concept Introduction:

Marginal cost: Marginal cost is the additional cost made to the total cost in the production of an additional unit of the commodity

Marginal benefit: The marginal benefit is the additional benefit resulted from producing the additional unit of a good or service.

Marginal Analysis: Marginal analysis is used to compare the benefits and cost derives out of a specific action. The marginal changes refers to the small incremental adjustment to a plan of action

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