A flu shot typically costs about $25–$50 but some firms offer their employees free flu shots. Why might afirm prefer to offer its employees free flu shots if the alternative is an equally costly wage increase?
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A flu shot typically costs about $25–$50 but some firms offer their employees free flu shots. Why might a
firm prefer to offer its employees free flu shots if the alternative is an equally costly wage increase?
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- how has the pandemic affected the supply and demand of agriculture products? describe brieflyIf the government subsidizes vaccination against influenza to internalize the externality, should it impose the subsidy on consumers or producers of flu vaccines? How large should the subsidy be? How much less per flu vaccine would patients (i.e., consumers) pay? How much more would manufacturers (i.e., producers) of flu vaccines receive?how does the covid vaccination affect or influence one’s personal & family health. how does it affect society as well?
- Firm A currently dumps 223 tons of chemicals into the local river. Firm B currently dumps 192 tons of chemicals into the local river. The government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. The government gives each firm 10 pollution permits. The abatement costs of one ton of pollution is $173 for Firm A and $76 for Firm B. What would be the total cost of reducing pollution, if the firms are allowed to trade permits between each other?During the time of a pandemic and the existence of a highly contagious corona-virus, many scientists recommended wearing a mask. Let's assume that wearing a mask can limit the spread of the virus. Is wearing a mask an externality? Positive or negative? How about not wearing a mask? Explain your answers.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. a. First, what factors do you think go into estimating the benefits of $1500 per vaccine. This is kind of a brainstorming question – but it is worth points so don’t skip it. b. What is the relationship between the equilibrium quantity of vaccines and the socially optimal quantity of vaccines?
- What are the costs of pollution according to the Lancet Commission on pollution and health? Why are those numbers likely to be an underestimate? Explain.The pandemic has upended the way New Yorkers dine out: There are sidewalk tables, open streets, streeteries, and barely anyone eating indoors. Now, as the weather gets colder, there are also plastic bubbles out on sidewalks, too. A video of the dome-shaped tents on a West Village street went viral this week, prompting questions of how safe they are, not to mention just what they are. Bubbles of various sorts have shown up around the country since restaurants began to ease into this new, strange era of dining out. […] But the igloolike tents can also get costly and require strict sanitation measures, and some health experts question how safe they actually are. … the big question: Are these things safe? Along with sanitation protocols, most restaurants use flameless candles inside the bubbles in hopes of avoiding any melt-y fires (PVC is toxic when it burns). But the biggest concern is of course the reason for the bubble in the first place, COVID. Dr. Abraar Karan is an internal…what’s some reasons we should get the vaccine
- The marginal social benefit of a flu shot as the quantity of shots given remains constant; rises increases; falls increases; rises remains constant; fallsWhy will the market fail to yield efficient outcome during the pandemic?The annual demand for flu shots from students and employees at Upstate University is shown in the graph below. Assume that the marginal cost of providing flu shots is $4 per shot. Student and employee health insurance does not cover flu shots. 2$ 7 6 4 2 1 100 200 300 400 500 600 Flu shots A. If the price of a flu shot is $4, how many flu shots are purchased? Quantity: A flu shot reduces not only the recipient's chance of getting the flu but also the chance that the recipient will pass the flu on to someone else. If reduced risk to others has a value of $2 per shot, what is the optimal quantity of flu shots? В. Quantity: Explain, using the graph: Because of the additional benefits to the university community, the health center wants to encourage more students and staff to get flu shots and has decided to offer them for free. Compared to the former price of $4, does this policy improve efficiency? С. O Yes O No Explain, using your graph (be specific):
