- It should be noted that the failure to vaccinate some children isn an external cost. [See the attached graph]
- The social cost curve is also indicated accordingly.
- From an efficiency perspective, subsidizing vaccines <em>does</em> make sense because, without the subsidy, the equilibrium quantity is <em>less</em> than the socially optimal quantity.
- The school nurse suggests publishing a list of which kids did not get a flu vaccine, in the hope that public shaming will lead people to vaccinate their children. The school nurse is hoping that social norms will act like a <em>punishment </em>and lead the market to a<em> socially efficient </em>
- The flaws that the school nurse's suggestion have are:
- People that feel passionate about not vaccinating are typically doing so for medical or religious reasons and will not sway to social norms or peer pressure. (Option B)
- The school would potentially face a lawsuit because sharing protected health information (PHI), like immunization records, without parents' consent could be a violation depending on the regulations of the state. (Option C)
<h3>What is social Cost?</h3>
In neoclassical economics, the social cost is the total of the transaction's private costs plus the costs imposed on consumers as a result of being exposed to the process for which they are not rewarded or taxed.
In other words, it is the total of internal and external expenses.
Learn more about social cost:
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Answer:
Small
Explanation:
Competition limits the market power, even when the market is not perfectly comparative.
Market power refers to a company's relative ability to manipulate the price of an item in the marketplace by manipulating the level of supply demand or both.
A company with substantial market power has the ability to manipulate the market price and thereby control its profit margin, and possibly the ability to increase obstacle to potential new entrants into the market.
Answer:
The correct option is A, an asset's value is inversely related to the rate of return investors require to purchase it
Explanation:
The asset value is the initial purchase price determined by discounting the future cash flows from the asset to present values using a the required rate of return.
Ultimately, the higher the required return, the lower the present value of the investment whose price is being determined and the lower the discount the rate of return used in discounting relevant cash flows to present values the higher the present values.
One of the major reasons to keep at least $100 in your checking account is to actually cover for unexpected expenses, and also to avoid bank charges or fees for either an overdraft or a returned unpaid transactions.
It could also come handy if you get stuck somewhere, or if you need to take a taxi after having dinner with your new date, and your debit/credit card is on $0.00, this could save you the ultimate embarrassment by just transfering money from checking to your savings account.
