The Centers for Disease Control and Prevention (CDC) recommended against vaccinating the whole population against the smallpox
Question:
a. Calculate the marginal benefit (in terms of lives saved) and the marginal cost (in terms of lives lost) of each 10% increment of smallpox vaccination. Calculate the net increase in human lives for each 10% increment in population vaccinated.
b. Using marginal analysis, determine the optimal percentage of the population that should be vaccinated.
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