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Vaccinating people against a communicable disease such as influenza not only reduces the chances that the person vaccinated will catch the disease but also reduces the probability that an epidemic of the disease will occur. Which of the following statements is true?
A) Reducing the chances that the person vaccinated will catch the disease is a private cost while reducing the probability of an influenza epidemic is a social benefit.
B) Vaccinating people against communicable diseases yields private benefits in excess of social benefits.
C) Reducing the chances that the person vaccinated will catch the disease is a private benefit while reducing the probability of an influenza epidemic is a social benefit.
D) The benefits of the influenza vaccination outweigh the costs.
Assume for simplicity that a monopolist has no cost of production and faces a demand curve given by !Q = 150−P. Calculate the profit maximizing price-quantity combination for this monopolist. Calculate the monopolist’s profits.
Evaluate how effective the Federal Trade Commission (FTC) has been in protecting consumer privacy and targeting deceptive and unfair trade practices on the Internet. Support your opinion with specifics.
q1. from 1947 to 1997 the cpi in us raised to 637 therefore inflation rose 637. use this fact to adjust each of the
Elucidate how a temporary decrease in the U.S. money supply affects the money and FOREX markets. Label your short-run equilibrium point B and your long-run equilibrium.
using IS-MP and PC graphs analyze the following scenario on the economy specifically, how and why will real output (GDP) be affected in the short run.
Joe agreed with Auto Insurance Co. not to use his auto for commercial business purposes when he purchased auto insurance. Joe had an accident while delivering pizzas for Bigger Pizza Inc. What type of violation has Joe engaged in?
According to Keynes, why might deflation create problems for an economy?
Why does the firm’s supply curve slope up in the long run (i.e. what assumption is employed to argue that the supply curve slopes up in the long run)?
Find the present worth at i = 20% per year for the cash ?ow series listed. (CF0 :$ 0 ,CF1: $ 0 ,CF2: $ -200 ,CF3: $-200 ,CF4: $ -200 ,CF5: $ 0 ,CF6: $ -89 ,CF7: $-89 ,CF8: $ -89 ). Which one is the correct answer?
We are all familiar with fluctuating prices of gasoline at the pump. Explain why does this happen.
q.the small city of le locle has been served by the same local newspaper for the last 30 years called the le locle
Discuss the importance of laws and the requirements to amend them regularly. Cite examples from the perspective of Oman and explain with evidence the importance, advantages and disadvantages of the commercial agreements between Sultanate of Oman and..
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