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A logger sells a truckload of lumber for $100. His cost of
production is 4/5 of the price. What is his profit?
A logger sells a truckload of lumber for $100. His cost of
production is 4/5 of the price, or $80. What is his profit?
A logger exchanges a set "L" of lumber for a set "M"of
money. The cardinality of set "M" is 100. Each element is
worth one dollar. Make 100 dots representing the elements of
the set "M". The set "C", the cost of production contains 20
fewer points than set "M". Represent the set "C" as a subset
of set "M" and answer the following question: What is the
cardinality of the set "P" of profits?
A logger sells a truckload of lumber for $100. His cost of
production is $80 and his profit is $20. Your assignment:
Underline the number 20.
By cutting down beautiful forest trees, the logger makes
$20. What do you think of this way of making a living? Topic
for class participation after answering the question? How
did the forest birds and squirrels feel as the logger cut
down the trees? There are no wrong answers.
By laying off 402 of its loggers, a company improves its
stock price from $80 to $100. How much capital gain per
share does the CEO make by exercising his stock options at
$80. Assume capital gains are no longer taxed, because this
encourages investment.
A company outsources all of its loggers. They save on
benefits and when demand for their product is down the
logging work force can easily be cut back. The average
logger employed by the company earned $50,000, had 3 weeks
vacation, received a nice retirement plan and medical
insurance. The contracted logger charges $50 an hour. Was
outsourcing a good move?
A logging company exports its wood-finishing jobs to its
Indonesian subsidiary and lays off the corresponding half of
its US workers (the higher-paid half). It clear-cuts 95% of
the forest, leaving the rest for the spotted owl, and lays
off all its remaining US workers. It tells the workers that
the spotted owl is responsible for the absence of fellable
trees and lobbies Congress for exemption from the Endangered
Species Act. Congress instead exempts the company from all
federal regulation. What is the return on investment of the
lobbying costs?