Market (inverse) demand for measles vaccine is given by P= 100-20. Market (inverse) supply for measles vaccine is given by P=10+0.50. Here, P is the un price of measles vaccine and Q denotes quantity. Suppose there are positive externalities from consuming measles vaccines, Marginal extemal benefit is given MEB=0.50. Then, social marginal benefit (SMB) is SMB = "Q

Market (inverse) demand for measles vaccine is given by P= 100-20. Market (inverse) supply for measles vaccine is given by P=10+0.50. Here, P is the un price of measles vaccine and Q denotes quantity. Suppose there are positive externalities from consuming measles vaccines, Marginal extemal benefit is given MEB=0.50. Then, social marginal benefit (SMB) is SMB = "Q

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter27: Markets And Government

Section: Chapter Questions

Problem 4E

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