Question #70104

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.

Expert's answer

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.

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