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14. The mayor of Gotham City, worried about a poten- tial epidemic of deadly influenza this winter, asks an economic adviser the following series of
14. The mayor of Gotham City, worried about a poten- tial epidemic of deadly influenza this winter, asks an economic adviser the following series of questions. Determine whether a question requires the economic adviser to make a positive assessment or a normative assessment. a. How much vaccine will be in stock in the city by the end of November? b. If we offer to pay 10% more per dose to the pharma- ceutical companies providing the vaccines, will they provide additional doses? c. If there is a shortage of vaccine in the city, whom should we vaccinate firstthe elderly or the very vir young? (Assume that a person from one group has an equal likelihood of dying from influenza as a per- son from the other group.) d. If the city charges $25 per shot, how many people will pay? e. If the city charges $25 per shot, it will make a profit of $10 per shot, money that can go to pay for inoculating poor people. Should the city en such a scheme
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