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Newton's Second Law: Bumpers on Cars Are Not of Much

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Newton's second law: Bumpers on cars are not of much use in a collision. To see why, calculate the average force a bumper would have to exert if it brought a 1200-kg car (a so-called compact model) to a rest in 15 cm when the car had an initial speed of 2.0 m/s (about 7.2 km/h) . (Bumpers are built with springs that compress to provide a stopping force without, hopefully, denting the metal.)

Grasp the concept of compensating differentials and its application in job selection and wage differences.
Analyze the arguments regarding compensation of nationally-prominent college athletes in terms of human capital investment.
Comprehend the reasons behind wage disparities such as education, skills, job responsibilities, and working conditions.
Recognize the role of consumers in perpetuating discrimination in labor markets.

Definitions:

Intangible Assets

Non-physical assets such as patents, copyrights, brands, and goodwill that have value for a business.

Inventories

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Professional Development

Activities that improve and increase capabilities of professionals through the acquisition of skills and knowledge, often related to their career.

Human Capital

The combined abilities, expertise, and experiences owned by a person or a group, regarded in relation to their worth or expense to a company or nation.

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