Suppose that the cost of eradicating polio from a society

Assignment Help Business Economics
Reference no: EM13742024

Suppose that the cost of eradicating polio from a society of 1,000 persons is $5 per person. Also suppose that only two persons in the society will benefit from that policy, and the benefit to each of those persons is $2,000. Then what is the social surplus created by eradicating polio?

Reference no: EM13742024

Questions Cloud

What is the approximate opportunity cost of producing : If the economy is currently producing 40 units of cotton and 6 units of wheat, then what is the approximate opportunity cost of producing 10 more units of cotton?
Important elements of the governing board : 1.Describe the five (5) important elements of the governing board' s agenda for areas of improvement in core functions
Demand for this good price elastic or price inelastic : Think of another good that you have purchased recently (or you could continue with the good you selected in TDA I). Be specific (e.g. is it breakfast cereal in general or Cheerios cereal specifically). If the price of this item increases, how would t..
How historical event occurred in parallel to creation of art : As you build it, you will begin to notice how historical events occurred in parallel to the creation of great works of art.
Suppose that the cost of eradicating polio from a society : Suppose that the cost of eradicating polio from a society of 1,000 persons is $5 per person. Also suppose that only two persons in the society will benefit from that policy, and the benefit to each of those persons is $2,000. Then what is the social ..
Explaining how the chosen media piece supports the statement : Write a 100-word summary explaining how the chosen media piece supports the statement. Include reference citations. Find a media piece-article, video, presentation, song, or other-that recognizes the fundamental concepts of chemistry in biology
What are the firms profits : Consider the market for carbonated water and suppose that demand is given by D(p) = 100 – 5p There are only two firms producing carbonated water, each with the same constant unit cost c = 2. What are the equilibrium prices and quantities if the firms..
Make suitable assumptions for temperature and pressure : Determine the mass (in kg) and weight (in N) of the air contained in a typical school classroom whose dimensions are 40 ft x 60 ft x 12 ft. Make suitable assumptions for temperature and pressure given that the classroom is at Penn State in University..
Write a research paper on the movie is gone with the wind : Write a research paper on The movie is Gone with the Wind. In your paper you will compare the film with the true historical facts.

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what are the limitation of the equilibrium level

Illustrate what are the limitation of the equilibrium level of national income determined in Keynesian cross model.

  Q1 as your corporation when life gives you lemons inc is

q1. as your corporation when life gives you lemons inc. is opinion about expanding the numeral of stands that it

  What a manufacturer of each product might do

Describe what a manufacturer of each product might do in the short run to raise production.

  Illustrate what will be the marginal product of capital

If the economy decides to achieve the Golden Rule level of capital also actually reaches it, illustrate what will be the marginal product of capital.

  The recent economic crisis affected business firms

In what ways have the problems caused by the recent economic crisis affected business firms? In what ways have these problems affected employees and individuals?

  Predict how your decisions and transactions in the loanable

Supply of Loanable Funds, e.g., your disposable and expected future income. Discuss and predict how your decisions and transactions in the loanable funds market should change.

  Exchange rate between the swiss franc and the dollar

Calculate the purchasing power parity exchange rate between the Swiss franc and the dollar. Based on your calculation, is the SF overvalued or undervalued.

  Explain area that represents profit or loss this firm earn

On a single graph draw marginal cost curve, average total cost curve and average variable cost curve for a typical firm. Explain how area that represents profit or loss this firm will earn.

  The impossible trinity refers to the idea that a country

the impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following

  Migration is unimpeded and costless

Assuming migration is unimpeded and costless, which of the following statements is most accurate about the effect of immigration on wages in both the origin and destination nations?

  Why firm shut down

A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.

  Interests of stockholders and managers

Analyze how the different forces will come together to create a convergence between the interests of stockholders and managers.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd