Figure 7-1 Figure 7-1 represents the market for vaccinations. Vaccinations are considered a benefit to society, and the figure shows both the marginal private benefit and the marginal social benefit from vaccinations.
-Refer to Figure 7-1. Marginal private benefit is represented by which curve?

Question

Figure 7-1  Figure 7-1 represents the market for vaccinations. Vaccinations are considered a benefit to society, and the figure shows both the marginal private benefit and the marginal social benefit from vaccinations.
-Refer to Figure 7-1. Marginal private benefit is represented by which curve?

Quizplus · Accepted Answer

The marginal private benefit is typically represented by the demand curve, which in this case is D₁.

Figure 7-1 Figure 7-1 Represents the Market for Vaccinations