Question

How will the successful application of robotic technology in Australian higher education impact: a. Supply of education (2.5 marks) b. Demand for education (2.5 marks) c. Marginal cost of education (2.5 marks) d. Fixed costs of education (2.5 marks) Explain using diagrams.

Answer 1

The successful application of robotic technology in Australian higher education will impact:
a. Supply of education - increase,
b. Demand for education - will not change,
c. Marginal cost of education - increase,
d. Fixed costs of education - decrease.