- 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.
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True.
The Principle of Utility says actions are <u>right </u>when they promote happiness or pleasure, and wrong when they cause unhappiness or pain. So in order to figure out if something is right or wrong you will first have to know if it promotes happiness.
Answer:
True
Explanation:
The theory of constraints focuses on establishing the most important limiting factor or constraint in a business and improve it in order to improve the whole company's performance.
In simple terms, a company recognizes their greatest weakness and tries to improve it, so that it no longer represents a limitation.
This theory was originally developed for manufacturing companies, and it was meant to reduce bottlenecks (manufacturing constraints). Therefore one of its main goals is to lower inventory levels and operating costs while increasing production output.
The stock is now trading at $52.16 per share.
The current value of an annuity of n regular payments of P at r% with yearly payments is provided by:
PV = P × (1 -(
÷r))
Estes Park Corp. distributes a fixed rate of a dividend of P = $7.80 per share on its shares. The corporation will retain this dividend for the following n = 13 years before ceasing dividend payments permanently. If the necessary returns on this stock are not metis r = 11.2% = 0.112.
The actual share price is calculated as follows:
Current share price = $7.80 × (1 -(
÷0.112))
$7.80 × ((1 - 0.251) ÷ 0.112)
$52.16
Therefore, the current share price is $52.16
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A A monthly maintenance fee (sometimes called a monthly service fee) is money a bank charges you for working with the company. The fee is usually automatically withdrawn from your account each month. In some cases, you'll pay the fee no matter what. But many banks let you waive the fee if you meet certain requirements.
