The supply of measles vaccine is given by Q = 450 × P. The demand for measles vaccine is given by Q.
The furnish of measles vaccine is fond by Q = 450 × P. The insist for measles vaccine is fond by Q = 20,000 − 50 × P.
a. What is the dispense makeweight compensation and quantity?
b. The insist flexion implies that private willingness to pay is P = 400 − Q/50. However, superficial benefits are associated after a while each measles vaccination, so the collective insist flexion is Q = 20,000 − 50 × (P − 5). What are the makeweight compensation and quantity if these superficial benefits are considered?
c. Propose an interposition that earn result in this makeweight quantity.