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Instructions:
Cell Phones Bandwidth Cost of Rebated Meals Discussion Term Paper
Week 5 Discussion
There are two discussion questions. You will need to answer both questions in order to receive full credit.
Discussion Questions:
When cell phones were first introduced, bandwidth was limited, which led to economically interesting pricing structures. One by Spring offered 4,000 free minutes for $39.99 a month. The fine print revealed a catch. Only 350 of those minutes were anytime minutes; the remaining were restricted to evening and weekend usage. If you went over your allotted time, you were charged 35 cents per minute for any additional minutes.
What was your marginal cost? Graph it.
What would your average variable cost curve for peak time usage have looked like?
If you did not keep track of your usage, how would you figure your marginal cost?
Why did firms offer such confusing plans
Were firms that charged this way in favor of or against portability of phone numbers?
Why are these offers no longer prevalent?
A major issue of contention at many colleges concerns the cost of meals that is rebated when a student does not sign up for the meal plan.
The administration usually says that it should rebate only the marginal cost of the food alone, which it calculated at, say, $1.25 per meal. Students say that the marginal cost should include more costs, such as the saved space from fewer students using the facilities and the reduced labor expenses on food preparation. This can raise the marginal cost to $6.00.
Who is correct, the administration or the students?
How might your answer differ if this argument were being conducted in the planning stage before the dining hall is built
If you accept the $1.25 figure of a person not eating, how could you justify using a higher figure of about $6.00 for the cost of feeding a guest at the dining hall, as many schools do?
There are two discussion questions. You will need to answer both questions in order to receive full credit. Discussion Questions:
At times we all regret decisions. Does this necessarily mean we did not use the economic decision rule when making the decision?
Research shows that after-school jobs are highly correlated with decreases in grade point averages. Those who work 1 to 10 hours get a 3.0 GPA and those who work 21 hours have a 2.7 GPA. Higher GPAs are, however, highly-correlated with higher lifetime earnings. Assume that a person earns $8,000 per year for working part-time in college and that the return to a 0.1 increase in GPA gives a 10 percent increase in one’s lifetime earnings with a present value of $80,000.
What would be the argument for working rather than studying harder?
Is the assumption that there is a trade-off between working and grades reasonable?
Cell Phones Bandwidth Cost of Rebated Meals Discussion Term Paper
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Cell Phones Bandwidth Cost of Rebated Meals Discussion Term Paper |
Cell Phones Bandwidth Cost of Rebated Meals Discussion Term Paper