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Teaching Math in 1950: - (traditional math)
A logger sells a truckload of lumber for $100. His cost of production
is 4/5 of the price. What is his profit?
Teaching Math in 1960:
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?
Teaching Math in 1970: - (new math)
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?
Teaching Math in 1980:
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.
Teaching Math in 1990: - (Outcome-Based education)
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.
Teaching Math in 1996:
By laying off 40% 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.
Teaching Math in 1997:
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?
Teaching Math in 1998:
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?
Teaching Math in 2000:
A logger sells a truckload of lumber for $100. His cost of production
is $120. How does Arthur Andersen determine that his profit margin
is $60?
Teaching Math in 2010:
El hachero vende un camion de carga por $100. El costo
de production es........