Figure 5-1 Figure 5-1 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 5-1.Marginal social benefit is represented by which curve?

Question

Figure 5-1  Figure 5-1 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 5-1.Marginal social benefit is represented by which curve?

Quizplus · Accepted Answer

The curve represented by D₂ is the marginal social benefit curve, as it takes into account both the private benefits and the external benefits to society from vaccination. The other two curves do not reflect the full societal benefits and therefore do not represent the marginal social benefit.

Figure 5-1 Figure 5-1 Represents the Market for Vaccinations