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Naily [24]
4 years ago
5

If ten years ago the price of a movie ticket was $5 and the average hourly wage was $10, and today the price of a movie ticket i

s $8 and the average hourly wage is $20, then_________.
Business
1 answer:
adelina 88 [10]4 years ago
8 0

Answer:

It means movies are relatively cheaper than working hours

Explanation:

In order to estimate the relativity of the two activities, there is a need to compare the changes over ten years

1. 10 years ago, Movie ticket= $5, 10 Years later Movie ticket= $8, the 10 year difference is $3

2. 10 years ago, average hourly wage = $10, 10 years later, average hourly wage = $20, the 10 year difference is $10

First, it means for the $3 change in movie ticket cost, there was a $10 change in the average hourly wage.

Put differently, while movie ticket got a 60% increase in price 3/5 x 100=60%

Average hourly wage got 100% increase  10/10 x 100= 100%

It means that working hours got more expensive and movie tickets got cheaper

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Mary has increased her​ __________ skills that now allow her to​ access, interpret,​ summarize, and communicate data more effect
stepladder [879]

Answer:

Mary has increased her data literacy skills that now allow her to​ access, interpret,​ summarize, and communicate data more effectively.

Explanation:

Data analysis is the process by which data is transformed in such a way that useful information can be extracted from it. Data analysis is a key skill that is needed in most business nowadays, for example; financial data can be very crucial in the planning, budgeting and execution of projects. The process of data analysis has been automated to take raw data and produce a result that can be readily consumed easily by humans in the form of charts and graphs. From this end result, conclusions can be drawn by data experts on what the results mean.

Experts in data analysis are therefor needed to adequately access, interpret, summarize and communicate data more effectively. These are skills that need to be learned for better overall quality of the data presentation. In general, the principals are referred to as data literacy skills. Data literacy can be defined as the ability of an individual to extract useful information from raw data.

3 0
3 years ago
In a small, closed economy national income (GDP) is $750.00 million for the current month. Individuals have spent $300.00 millio
Gwar [14]

Answer:

Investment is $50 million as shown below.

The national savings is -$150m as government spent more than it received in taxes.

The national savings and the investment moving in different directions shows that the economy is running a deficit budget

Explanation:

The formula for computing GDP is given as:

GDP = C + I + G + (Ex - Im)

Where C=Consumption

I=investment

G=Government expenditure

Ex=Export

Im=Import

In this case,neither export nor import is applicable

The formula becomes:

GDP=G+I+C

Rewritten I=GDP-C-G

I=750-300-400

I=$50m

National savings is the difference between what government in taxes and government exenditure.

National savings =T-G

National savings=250-400

National savings=-150m

3 0
3 years ago
Internal sources of generating product ideas include ________. Select one: a. wholesalers b. existing customers
emmasim [6.3K]

Answer:

The answer is B.Existing customers.

Explanation:

4 0
4 years ago
benefits costs have been escalating, but particularly for_______________ Select one: a. Health care b. vacation pay c. retiremen
Lana71 [14]

Answer:

Letter a is correct. <u>Health care.</u>

Explanation:

When looking for a job vacancy in the market, a potential candidate is always looking for companies with a high reputation in the market and that offer good benefits to the worker.

A benefit most sought after by most people is health care.

It is therefore noteworthy that this option is the most appropriate to answer the question, as the companies that offer this benefit consequently attract the best and most qualified professionals in the market.

3 0
3 years ago
Why does investing in human capital make sense both on broad economic and individual scale?
Bingel [31]
Investing in human capital make sense both on broad economic and individual scale, because capital consists of anything that can enhance a person's power to perform economically useful work. Human capital is the capital <span>possessed by individuals and groups. like talents, knowledge, experience, wisdom...Possessing this kind of capital will result in individual success but also in broad economic, because with bigger human capital the person is able to achieve better results and to earn more, so at the end the person can spend more. </span>
8 0
3 years ago
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