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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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For the answer to the question above, there are 3 possible answers to this question. Business is a specific set of b. Events are the things <span>that take place in the course of normal operation</span>.

C. results for the business to continually strive. They must know the results if they have loss or gain.

Lastly d. Transactions. It's either transaction internally or externally. This is needed in order for the business to run.
6 0
3 years ago
1. Wylie has been offered the choice of receiving $5,000 today or an agreed-upon amount in 1 year. While negotiating the future
g100num [7]

Answer:

14%

Explanation:

The computation of the tvom in percentage form is shown below:

Today price × (1 + interest rate) = Future value

$5,000 × (1 + interest rate) = $5,700

(1 + interest rate) = $5,700 ÷ 5,000

(1 + interest rate) = 1.14

So, the interest rate

= 1.14 -1

= 0.14 or 14%

Hence, the interest rate or TVOM i.e times value of money is 14%

5 0
3 years ago
What is the balance between supply and demand called ?
n200080 [17]

The balance between supply and demand is known as the market equilibrium.

The supply and demand are determined through the price mechanism in a free market. Such as if the goods or services are bought more frequently then their prices will go up and vice versa.

This means that the price mechanism helps to determine what goods are to be produced. In the case where the demand for good increase will result in price go up and will ultimately result in producers supplying more of those goods.

This system of price helps to scale the point where competing demands may be weighed by the consumer or producer requirements.

However, the movement towards the price equilibrium and the resulting balance between the supply and demand is known as the market equilibrium.

Learn more on supply and demand here: brainly.com/question/4804206

5 0
3 years ago
Read 2 more answers
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Sever21 [200]

Answer: Aggregate

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Here is more information!!!: http://www.businessdictionary.com/definition/aggregate-demand.html

3 0
3 years ago
Each of the following is an advantage of using cash EXCEPT:
Tcecarenko [31]
C. less painful parting with cash
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3 years ago
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