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 private 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 private benefit is represented by which curve?

Quizplus · Accepted Answer

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

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