Marginal cost curve, Microeconomics

Assignment Help:

"Dr. Arata Kochi, the World Health Organisation malaria chief,... [says that] eradication is counterproductive. With enough money, he said, current tools like nets, medicines and DDT could drive down malaria cases 90 percent. 'But eliminating the last 10 percent is a tremendous task and very expensive,' Dr. Kochi said. 'Even places like South Africa should think twice before taking this path.'"

a. Is Dr. Kochi talking about production efficiency or allocative efficiency or both?

b. Make a graph with the percentage of malaria cases eliminated on the x-axis and the marginal cost and marginal benefit of driving down malaria cases on the y-axis. On your graph:

(i) Draw a marginal cost curve that is consistent with Dr. Kochi's opinion reported in the news clip.

(ii) Draw a marginal benefit curve that is consistent with Dr. Kochi's opinion reported in the news clip.

(iii) Identify the quantity of malaria eradicated that achieves allocative efficiency.

 

 


Related Discussions:- Marginal cost curve

Theory of monopolistic competition, The very name of this market type sugge...

The very name of this market type suggests that it is a combination of the monopoly and competitive firms. The characteristics of such a market are: 1. There exists large n

Determine the is this agent maximizing is utility, 1. Suppose the wage rate...

1. Suppose the wage rate is w = 1. An agent is working 6 hours per day and consumes 5 units of goods per day. Suppose that the agent claims to be indifferent between his current

What are the possible advantages of free trade, What are the possible advan...

What are the possible advantages of free trade? Firms a)  Specialisation and enhanced use of comparative advantage b)  Possibility of advantages of scale c)  Spread

Transition elements, why d block elements are called inner transition eleme...

why d block elements are called inner transition elements?

Production function curve, different types of production funtion and curve ...

different types of production funtion and curve given by different economist

Assignment, Illustrate and discuss the impliction of various market structu...

Illustrate and discuss the impliction of various market structures(competitive and non-competitive)

Graph & calulations, Not sure how to graph & calculate a retail price of $3...

Not sure how to graph & calculate a retail price of $30 & avg cost $20 assuming that the equation for demand is Q=10,000-9,000P, where P=retail price & Q=# sold per month.Then to s

Explain how keynesian economics views the role of markets, Explain how Keyn...

Explain how Keynesian economics views the role of markets and government intervention in fighting business cycles. Keynesian economics believes markets frequently fail and gov

Explain the different types of barriers that exist to trade, Problem 1: ...

Problem 1: i) To what extent can a country actually rely on the principle of Comparative advantage before engaging in international trade? ii) Explain the different types

Write Your Message!

Captcha
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