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Naily [24]
3 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]3 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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3 years ago
Many companies moved their operations from new england and the midwest to locations in the south because
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Many companies moved their operations from new england and the midwest to locations in the south because: the South had less expensive site factors than northern regions.

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2 years ago
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Rashid [163]
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3 years ago
When the required return is equal to the coupon rate, the bond value is▼equal togreater thanless thanthe par value. In contrast
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2) When the required return is less than the coupon rate the investor is getting more in coupons than he required from the bond so the bonds price will be higher than par so that the return from the coupons become equal to the required rate of return. Thats why when a bonds required return is less than the coupon it sells on a premium.

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