Use the table below to answer the following questions.Table 3 a) Refer to Table 3. The table shows marginal private benefit and the marginal social benefit from flu vaccinations and the marginal social cost of vaccination production. What is the value of the marginal external benefit per unit?b) Refer to Table 3. The table shows marginal private benefit and the marginal social benefit from flu vaccinations and the marginal social cost of vaccination production. If production is left to the private market, the quantity produced is:c) Refer to Table 3. The table shows marginal private benefit and the marginal social benefit from flu vaccinations and the marginal social cost of vaccination production. If production is left to the private market, the market price is:d) Refer to Table 3. The table shows marginal private benefit and the marginal social benefit from flu vaccinations and the marginal social cost of vaccination production. An efficient quantity is produced only if the government do what? Explain Table 3Marginal Private Marginal Social Marginal SocialBenefitBenefitCostOutput(units)(dollars)(dollars)(dollars)100802017030902604080350507044060605307050208040

Marginal social cost (MSC) is the total costs society pays for the production of another unit or for…

Answered: the following questions. Table 3…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter16: Information, Risk, And Insurance

Section: Chapter Questions

Problem 18RQ: What are some of the metrics economists use to measure health outcomes?

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Use the table below to answer the following questions.

Table 3

a) Refer to Table 3. The table shows marginal private benefit and the marginal social benefit from flu vaccinations and the marginal social cost of vaccination production. What is the value of the marginal external benefit per unit?
b) Refer to Table 3. The table shows marginal private benefit and the marginal social benefit from flu vaccinations and the marginal social cost of vaccination production. If production is left to the private market, the quantity produced is:
c) Refer to Table 3. The table shows marginal private benefit and the marginal social benefit from flu vaccinations and the marginal social cost of vaccination production. If production is left to the private market, the market price is:
d) Refer to Table 3. The table shows marginal private benefit and the marginal social benefit from flu vaccinations and the marginal social cost of vaccination production. An efficient quantity is produced only if the government do what? Explain

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the following questions. Table 3 a) Refer to Table 3. The table shows marginal private benefit and the marginal social benefit from flu vaccinations and the marginal social cost of vaccination production. What