Brachty Empt 1 2 Points Quantity 1 2 Table Below Reports The Marginal Utility To Society From Different Quantities Of 1 (59.05 KiB) Viewed 10 times
Brachty Empt 1 2 Points Quantity 1 2 Table Below Reports The Marginal Utility To Society From Different Quantities Of 2 (55 KiB) Viewed 10 times
brachty empt 1 (2 points) Quantity 1 2 table below reports the marginal utility to society from different quantities of two goods provided by the government: a vaccine vent citizens becoming infected by COVID-19, and a medical treatment that reduces the severity of the symptoms associated with VID-19. Suppose the government must decide how to spend $200 on these two goods. The price of one unit of the vaccine is $25, d the price of one unit of the medical treatment is $25. 3 4 5 07/04/22 Marginal Utility of Vaccine 300 250 200 150 100 l 34% SCORE Marginal Utility per $ of Vaccine 12 10 8 6 4 Marginal Utility of Medical Treatment If it has to spend all $200, to maximize social utility the government should buy Sunits of the 400 200 100 50 -50 Marginal Utility per $ of Treatment 16 8 4 w2 2 -2
k Homework #2 Smartwor 1 2 3 4 5 Smartwork5 300 250 200 150 100 ncia.wwnorton.com PRINECO3 Jecppt ch15... 34% الى 07/04/22 SCORE 12 10 8 6 4 Homework #2 Smartwor... If it has to spend all $200, to maximize social utility the government should buy 5 units of the Part 2 (2 points) Given your answer to Part 1, the government's choice will lead to 200 400 200 100 50 -50 in total social utility. Smartwork5 16 8 4 2 -2 Part 3 (2 points) Suppose that due to budget cuts the government can now spend only $160. Also, the price of the vaccine has increased to $40, and the price of the treatment has fallen to $10. Total social utility will fall by w207761703@s
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