Question

Ginny spends all of her money on comic books and mandarins. In 2014, she earned $27.00 per hour, the price of a comic book was $9.00, and the price of a mandarin was $3.00. Which of the following give the nominal value of a variable?

Answer 1

The price of a mandarin $3.00

Maria wage is $27 per hour

Step-by-step explanation:

According to the question the solution is below:-

Nominal value is a actual price of the product that make ends meet at the time. For computing the nominal value, the formula is

Share nominal value = Paid up share capital ÷ Number of outstanding shares

So, according the situation Ginny invests her money on comic books and mandarins and she take earnings of $27 per hour, The price was $9.00 for a comic book and $3.00 for a mandarin.

Therefore the nominal value of a variable is

The price of a mandarin $3.00

Maria wage is $27 per hour