Suppose that the cost of eradicating polio from a society, Ask an Expert

Economics

Suppose that the cost of eradicating polio from a society of 1,000 persons is $5 per person. Also suppose that only two persons in that society will benefit from that policy, and the benefit to each of those persons is $2,000. Then what is the social surplus created by eradicating polio?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91238393

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