Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
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Question
Chapter 9, Problem 6P
(a)
To determine
The equilibrium level of nets produced using
(b)
To determine
The effect of ITNs on poverty and its effects on output.
(c)
To determine
The reason by which government can be encouraged for the efficient production of nets.
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Suppose that we have a model that estimates that taking the COVID-19 vaccine creates a positive externality to society that is at least equal to $1500 per vaccine. (Amazing, right? Well, remember that I made it up.) This means that for every person that takes the vaccine, the benefits to society will be $1500 or more.
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Chapter 9 Solutions
Microeconomics (2nd Edition) (Pearson Series in Economics)
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