Ugh, that title.
Each missile per missile? Dang.
The system can be overwhelmed by having too many incoming rockets, so it does have its limits.
It essentially prevented a full scale armed conflict like this past year from 2011-2023. How many lives has it saved over that 12 years?
That’s actually a very low price for an anti-air missile. For comparison, the Stinger shoulder-fired missile costs more than twice as much. A Patriot missile costs four million dollars (but is much more capable). Presumably minimizing cost was a high priority when this missile was designed. Nonetheless, the cost asymmetry is one reason why degrading the ability of Hamas and Hezbollah to fire missiles at Israel is important.
Also, depends on what version and flavor of PAC it is
Hamas and Hezbollah are firing any tubes filled with any propellant they can find. you want to reduce the capabilities of groups like Hamas and Hezbollah? don’t fucking go around running an apartheid ethnostate and annexing land on the basis of blood and soil.
Cheap for a missile, but using soft power tends to be more effective, both economically and less destructive. You know, like not pissing off all your neighbors and taking folk’s land.