Use the prompt below to answer the next series of questions:

You are an elementary-school principal and have a budget of $1m per annum. You can spend this on teachers, each with a total salary and benefit cost of $50,000 per year. Or you can spend it on Free School Meals for students at a cost of $500 per student per year.

To help make your budgetary choices you draw out the budget constraint.

What is the maximum number of teachers the school could employ if it decided to spend only $250 per student on school meals?

Answer rating: 100% (QA)

Answer 20 teachers Explanation To determine the maximum number of teachers the school could employ i... View the full answer