| Question | a. What are the interpretations of “marginal benefit” and “marginal cost” here? Calculate marginal benefit and marginal cost per each 10% increase in the rate of inoculation. Write your answers in the table. b. What proportion of the population should optimally be inoculated? c. What is the interpretation of “profit” here? Calculate the profit for all levels of inoculation. |
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| Subject | business economics |
