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Unformatted text preview: have to leave their homes earlier and prepare themselves earlier than usual so that they wont be late to work. 2a. 2b. The attendees of the block party will choose the loudest volume of music, which is 97 dB. 2c. The volume of music the block party attendees will now choose is 94.5 dB. 3a. 3b. The marginal social benefit curve is higher than the demand curve because the benefits of H1N1 Flu vaccine are numerous (higher work productivity, etc). 3c. The market equilibrium quantity of flu shots isnt socially efficient because it is less than the socially optimally price (which is located where the MSB curve intersects the MC curve). 3d. This solution actually does achieve efficiency because by providing free vaccines to students and employees, the health centers are closing the gap between the Q MKT and Q OPT by giving vaccines to society (although not all of society)....
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- Spring '11