The Centers for Disease Control and Prevention (CDC) recommended against vaccinating the whole population against the smallpox virus because the vaccination has undesirable, and sometimes fatal, side...



The Centers for Disease Control and Prevention (CDC) recommended against vaccinating the whole population against the smallpox virus because the vaccination has undesirable, and sometimes fatal, side effects. Suppose the accompanying table gives the data that are available about the effects of a smallpox vaccination program.













































Percentage of population vaccinatedDeaths due to smallpoxDeaths due to vaccination side effects
0%2000
101804
2016010
3014018
4012033
5010050
608074


a.
Calculate the marginal benefit (in terms of lives saved) and the marginal cost (in terms of lives lost) of increasing the percentage of the population vaccinated from
20% to 30%. In addition, calculate the net increase in human lives.







MB:











lives saved










MC:











lives lost










Net benefit:











lives saved








b.
Using marginal analysis, determine the optimal percentage of the population that should be vaccinated.





Optimal percentage:











%







Jun 07, 2022
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