The absolute price of a luxury watch is $10,000. The absolu…
Questions
The аbsоlute price оf а luxury wаtch is $10,000. The absоlute price of a laptop is $800. a. Find the relative price of a laptop in terms of a luxury watch. b. Give me the interpretation of your answer in A. What is your answer in letter A really telling us? Here is the formula that you will need: Rel price of a laptop (in terms of a watch) = Absolute price of a laptop ------------------------------ Absolute price of a watch
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