6.In India, many poor parents prefer their children to work rather than attend school.In 2014, Akshaya Patra provided free lunches to 1.4 million children in over 10,600 government and government-aided schools across ten states to encourage attendance at school.

(a) Suppose that some parents have a very high discount rate.How would that affect their choice between sending their children to school anc work?

(b) Does education of children generate an externality?Does that justify a subsidy to education?

(c) To what extent does your analysis in (b) apply to tertiary as compared to primary and secondary education?

(d) Generally, economists argue that giving cash is more efficient thar gifts in kind.Discuss whether Akshaya Patra should give students an equivalent cash subsidy instead of the free lunch.