1950: A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price. What is his profit?
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?
1970: 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" for profits?
1980: A logger sells a truckload of lumber for $100. Her cost of production is $80 and her profit is $20. Your assignment: Underline the number 20.
1990: 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.
2000: 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.
2010: A company outsources all of its loggers. The firm saves on benefits, and when demand for its product is down, the logging work force can easily be cut back. The average logger employed by the company earned $50,000, had three weeks vacation, a nice retirement plan and medical insurance. The contracted logger charges $50 an hour. Was outsourcing a good move?
2011: After outsourcing its logging operations to China, a company decides to increase its contributions to various political parties and organizations to ensure future tax breaks and other business incentives. If the company has $1 million available for investment as a result of employee wage and benefit concessions, what is its optimum mix (expressed as a percentage) of spending on:
a. Republican Congressional candidates.
b. Democratic Congressional candidates.
c. Local judgeships.
d. Political action committees (NOTE: you are not required to identify specific PACs - see Supreme Court decision in Citizens United v. Federal Election Commission).
e. The NRA.
You may use imaginary numbers. Be prepared to justify your answer.
Modern mathematics ... you've gotta love it. At least I can balance my checkbook to within about $25, which is more than I can say for Congress.
Have a good day. By the numbers.
More thoughts tomorrow.