Consider the following hypothetical table of benefits and costs for health production for the people in the society.
|
Age
|
Total Benefits (in $)
|
Total Costs (in $)
|
|
75
|
100
|
10
|
|
76
|
120
|
12
|
|
77
|
138
|
15
|
|
78
|
154
|
19
|
|
79
|
168
|
25
|
|
80
|
182
|
33
|
|
81
|
194
|
43
|
|
82
|
204
|
55
|
|
83
|
212
|
75
|
|
84
|
218
|
105
|
|
85
|
222
|
150
|
In the table above, policy-makers should spend __________ because __________.