The following functions show the relationship between price, costs and the number of dogs receiving
The following functions show the relationship between price, costs and the number of dogs receiving a rabies vaccine.
MPB = 90 – 4Q; MSB = 80 – 4Q; MC: P = 30 + Q; Assume the rabies vaccine is $35 on the market. Will consumers get the rabies vaccine for their dogs? From the societal perspective, should consumers get the rabies vaccine for their dogs?