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

Marginal social benefit reflects the overall benefit to society, taking into account both the private benefit to individuals receiving the vaccinations and the external benefits to society as a whole in terms of reduced disease transmission. The D₂ curve represents the total social benefit from vaccinations, while D₁ represents only the private benefit to individuals. The supply curve represents the cost of producing vaccinations and is not a measure of social benefit. Therefore, the correct choice is B, D₂.

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