Answer and Explanation:
Efficiency and equality:
We have given the information that there are two areas one has many small school and another has few large schools. The area which has many small schools faces a large competition as there are large numbers of school in that area. In order to maintain equality and efficiency the voucher system should announced in the area which has few large schools. Introducing the voucher system in this few large school region help to maintain equality as there is less competition. Whereas the introduction of the voucher system in an area which has many large schools increases the inequality as there is high competition and this inequality also stimulated by the migration factor. So, these are the effects of voucher system in different areas.
Answer:
a. $6,237.
Explanation:
We use the PMT formula i.e shown in the attachment below:
Data provided in the question
Present value = $850,000
Future value = $0
Rate of interest = 8% ÷ 12 months = 0.66666%
NPER = 30 years × 12 months = 360 months
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly mortgage payment is $6,237
Answer: false
Explanation: The rationing function of price describes the way in which the use of price is done for rationing of several scarce resource. This is done automatically by the market forces of demand and supply as when the demand for a commodity exceeds its supply the price of the commodity rises leading to decrease in demand.
Thus, rationing function states to ration the goods and distribute them carefully and not to distribute the surplus amount.
The decrease in demand would be illustrated by a change from A to C.
<h3>What will be the change?</h3>
The demand curve is a downward sloping curve that shows the relationship between price and the quantity demanded. There is a negative relationship between price and quantity demanded.
A change in demand is caused by other factors other than the price of the good. Other factors include a change in income, a change in consumer taste or a change in the price of substitute goods.
When there is a change in demand, the demand curve would shift either to the right or to the left. When demand decreases, the demand curve would shift to the left. When demand increases, the demand curve would shift to the right.
Since, the demand for donuts have decreased, the demand curve would shift to the left. This would be a shift from A to C.
Please find attached the complete question. To learn more about the demand curve, please check: brainly.com/question/25140811
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