-When Young Students Are Hungry,they Can Be Disruptive and Inattentive

question 51

Short Answer

-When young students are hungry,they can be disruptive and inattentive in class.Thus,providing lunch to students has external benefits.The figure above represents the market for school lunches before and after government vouchers are issued.
a.What is the unregulated private market equilibrium?
b.What is the efficient quantity of lunches?
c.What is the amount of the voucher necessary to move the economy to the efficient number of lunches?
d.When vouchers are used,what is the dollar price of the lunch that suppliers receive and what is the dollar price that consumers pay when the voucher is used?

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Definitions:

New Ideas

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Core Purpose Statement

A declaration that identifies the fundamental reason an organization exists, beyond just making a profit.

Risk of Harm

The potential for actions, situations, or products to cause injury, damage, or adverse effects to individuals or groups.

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The cognitive process of selecting a course of action among multiple alternatives.