What type of externality arises from getting a flu shot

Assignment Help Other Engineering

Reference no: EM131021383

Every year at the beginning of flu season, many people, including the elderly, get a flu shot to reduce their chances of contracting the flu. One result is that people who do not get a flu shot are less likely to contract the flu.

a. What type of externality (negative or positive) arises from getting a flu shot?

b. On the graph that follows, show the effects of this externality by drawing in and labeling any additional curves that are needed and by labeling the efficient quantity and the efficient price of flu shots. Label the area representing deadweight loss in this market.

Reference no: EM131021383

Questions Cloud

What type of externality arises from studying : Earning more will enable them to spend more on their future families for things such as orthodontia, nice clothes, admission to expensive colleges, and travel. Tom thinks about the potential benefits to his potential children when he decides how ..

Illustrate the price of gas under the new law : Is there an equation that would illustrate the price of gas under the new law? Is there an equation that is parallel to the equation that would illustrate the price of gas under the new law?

Problem regarding the nonviolent crime : Refer to part b. If a crime in progress is reported to the police, why is it more likely that it is a nonviolent crime? Wouldn't violent crimes be more likely to be reported? Can you explain these results?

What externalities are associated with driving : A writer for the Economist magazine disputed Cassidy's argument with the following comment: "I hate to belabour the point, but driving, as it turns out, is associated with a number of negative externalities." What externalities are associated with..

What type of externality arises from getting a flu shot : Every year at the beginning of flu season, many people, including the elderly, get a flu shot to reduce their chances of contracting the flu. One result is that people who do not get a flu shot are less likely to contract the flu. What type of ext..

Cutoff from the previous part : Using the new cutoff from the previous part, what is the probability that they will decide to have the machines recalibrated if the truth is that µ= 11.9?

Advice strategies that will help them to pay down their loan : Identify and describe the key factors that must be taken into consideration when assessing whether a credit facility is ‘not unsuitable' for a borrower.

What is the average disk transfer rate : Explain your results from your system evaluation. Considering what type of technology user you are, does your computer meet your needs or should you upgrade in the near future? What features will you include when considering purchasing a new compu..

What negative externality obtaining human food pose for bear : Aggressive bears present a threat to human safety and eventually must be destroyed or removed from the park. Please obey the law and do not allow bears or other wildlife to obtain human food. What negative externality does obtaining human food pos..

User Account

All Pages