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My Child, My Choice If all U.S. children were vaccinated many lives would be saved, infections would be down, and medical costs would be lower. Vaccinations protect not only the kids that receive the shots but also those who can't receive them. Source: Time, June 2, 2008 Explain how government intervention could achieve an efficient quantity of vaccinations and draw a graph to illustrate this outcome. The government could achieve an efficient quantity of vaccinations by O A. taxing vaccinations B. making vaccinations mandatory OC. public provision, private subsidies, or vouchers O D. eliminating the externality created by vaccinations Draw a line to show the price at which the government could produce and sell the efficient quantity. Label it Price. Draw a line to show a private producer's supply curve with a subsidy that Selected: none 12- 10- 8- Price (dollars per flu shot) 0 S=MC 2 4 8 10 Quantity (millions of flu shots per season) >>> Draw only the objects specified in the question. Delete Clear ? D=MB MSB 12 Q Q x

My Child, My Choice If all U.S. children were vaccinated many lives would be saved, infections would be down, and medical costs would be lower. Vaccinations protect not only the kids that receive the shots but also those who can't receive them. Source: Time, June 2, 2008 Explain how government intervention could achieve an efficient quantity of vaccinations and draw a graph to illustrate this outcome. The government could achieve an efficient quantity of vaccinations by O A. taxing vaccinations B. making vaccinations mandatory OC. public provision, private subsidies, or vouchers O D. eliminating the externality created by vaccinations Draw a line to show the price at which the government could produce and sell the efficient quantity. Label it Price. Draw a line to show a private producer's supply curve with a subsidy that Selected: none 12- 10- 8- Price (dollars per flu shot) 0 S=MC 2 4 8 10 Quantity (millions of flu shots per season) >>> Draw only the objects specified in the question. Delete Clear ? D=MB MSB 12 Q Q x

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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My Child, My Choice If all U.S. children were vaccinated many lives would be saved, infections would be down, and medical costs would be lower. Vaccinations protect not only the kids that receive the shots but also those who can't receive them. % = Source: Time, June 2, 2008 Explain how government intervention could achieve an efficient quantity of vaccinations and draw a graph to illustrate this outcome. The government could achieve an efficient quantity of vaccinations by t O A. taxing vaccinations OB. making vaccinations mandatory OC. public provision, private subsidies, or vouchers OD. eliminating the externality created by vaccinations Draw a line to show the price at which the government could produce and sell the efficient quantity. Label it Price. Draw a line to show a private producer's supply curve with a subsidy that 6 Oll y T Selected: none & 7 * 8 ▸ O JO ( 9 ✓ N 12 10- 8- 4 Price (dollars per flu shot) 0 Delete Clear 10 Quantity (millions of flu shots per season) >>> Draw only the objects specified in the question. S=MC ? р D=MB MSB 12 Next 5 US 38 200 ba
Transcribed Image Text:My Child, My Choice If all U.S. children were vaccinated many lives would be saved, infections would be down, and medical costs would be lower. Vaccinations protect not only the kids that receive the shots but also those who can't receive them. % = Source: Time, June 2, 2008 Explain how government intervention could achieve an efficient quantity of vaccinations and draw a graph to illustrate this outcome. The government could achieve an efficient quantity of vaccinations by t O A. taxing vaccinations OB. making vaccinations mandatory OC. public provision, private subsidies, or vouchers OD. eliminating the externality created by vaccinations Draw a line to show the price at which the government could produce and sell the efficient quantity. Label it Price. Draw a line to show a private producer's supply curve with a subsidy that 6 Oll y T Selected: none & 7 * 8 ▸ O JO ( 9 ✓ N 12 10- 8- 4 Price (dollars per flu shot) 0 Delete Clear 10 Quantity (millions of flu shots per season) >>> Draw only the objects specified in the question. S=MC ? р D=MB MSB 12 Next 5 US 38 200 ba
K My Child, My Choice If all U.S. children were vaccinated many lives would be saved, infections would be down, and medical costs would be lower. Vaccinations protect not only the kids that receive the shots but also those who can't receive them. Source: Time, June 2, 2008 Explain how government intervention could achieve an efficient quantity of vaccinations and draw a graph to illustrate this outcome. O A. taxing vaccinations OB. making vaccinations mandatory OC. public provision, private subsidies, or vouchers OD. eliminating the externality created by vaccinations Draw a line to show the price at which the government could produce and sell the efficient quantity. Label it Price. Draw a line to show a private producer's supply curve with a subsidy that achieves the efficient quantity. Label it S = MC - subsidy. Draw an arrow at the efficient quantity that shows the value of a vaccination voucher that achieves efficiency. 10- 12- 8- 6- 4- 2- 0- 0 Pric 2 Quan >>> Draw
Transcribed Image Text:K My Child, My Choice If all U.S. children were vaccinated many lives would be saved, infections would be down, and medical costs would be lower. Vaccinations protect not only the kids that receive the shots but also those who can't receive them. Source: Time, June 2, 2008 Explain how government intervention could achieve an efficient quantity of vaccinations and draw a graph to illustrate this outcome. O A. taxing vaccinations OB. making vaccinations mandatory OC. public provision, private subsidies, or vouchers OD. eliminating the externality created by vaccinations Draw a line to show the price at which the government could produce and sell the efficient quantity. Label it Price. Draw a line to show a private producer's supply curve with a subsidy that achieves the efficient quantity. Label it S = MC - subsidy. Draw an arrow at the efficient quantity that shows the value of a vaccination voucher that achieves efficiency. 10- 12- 8- 6- 4- 2- 0- 0 Pric 2 Quan >>> Draw
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