Figure 7-2 Figure 7-2 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 7-2. Marginal private benefit is represented by which curve?

Question

Figure 7-2  Figure 7-2 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 7-2. Marginal private benefit is represented by which curve?

Quizplus · Accepted Answer

The marginal private benefit is typically represented by the demand curve, and in this context, D₁ is the curve that represents the marginal private benefit.

Figure 7-2 Figure 7-2 Represents the Market for Vaccinations