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

Functions of the wto, Functions of the WTO: The WTO performs the follo...

Functions of the WTO: The WTO performs the following functions:   •  It administers through various councils and committees the 29 agreements contained in the final act of

Criteria of a good forecasting method, Criteria of a Good Forecasting Met...

Criteria of a Good Forecasting Method: 1. Simplicity : and Ease of Comprehension: Management must be able to understand and have confidence in the techniques used compli

Joint equilibrium quantity, The sole producer of the anti-diarrhea drug STO...

The sole producer of the anti-diarrhea drug STOP supplies two retail pharmacies in an isolated village. The two pharmacies compete à la Cournot in a market characterized by an inve

Explain about social-democracy, Q. Explain about Social-Democracy? Soci...

Q. Explain about Social-Democracy? Social-Democracy:It's a reformist political strategy that aims to win certain improvements in social and economic conditions under capitalism

Production Possibility schedule, If at point A sacks of rice is 205 and sac...

If at point A sacks of rice is 205 and sacks of corn is 0. What is the decrease in rice production?

Production Posibilities Curve, Define the Production Possibilities Curve an...

Define the Production Possibilities Curve and explain the basic economics concepts using the PPC. Explain the factors tht shift the PPC outwards

Microeconomic analysis, what is the theory of Second best? Prove the theore...

what is the theory of Second best? Prove the theorem with the help of a diagram.

Utility, Lakshani has $5 to spend on pens and pencils. Each pen costs $0.50...

Lakshani has $5 to spend on pens and pencils. Each pen costs $0.50 and each pencil costs $0.10. She is thinking about buying 6 pens and 20 pencils. The last pen would add five time

Production theory and analysis in managerial economi, dicuss the relevance ...

dicuss the relevance of studing production theory and analysis inn your career as a student of manegerial economics

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