-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:

Symbolic Interaction

A perspective in sociology that focuses on the ways in which individuals interpret and give meaning to symbols, objects, and actions in social contexts.

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The emotional bond that forms between individuals, or between individuals and objects, influencing their behavior and relationships.

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Virtual Representative

A digital or animated human-like figure used to guide, assist, or represent a company or brand in online environments.