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Answer to Question #70104 in Microeconomics for Akshay modi

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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