#### 1) We mentioned how the price of movie tickets has increased over time with inflation in Unit 6

Subject:AccountingPrice: Bought3

# 1) We mentioned how the price of movie tickets has increased over time with inflation in Unit 6.  Let’s let the equation y = 0.50(1.06)x represent the price of movie tickets for the years after 1950.Using this equation, fill in the following T-table for the years 1950, 1960, 1970, 1980, and 1990.   Use X = 0, 10, 20, 30, and 40 to represent these years (the number of years after 1950).2. Answer these questions:Do these prices look reasonable?What is the y-intercept?Is this growth or decay?3. Use the extended curve below to predict the ticket prices in the following years:2000 (x = 50)2010 (x = 60)Are these prices reasonable?4. Answer these questions:What is the average price of a movie ticket where you live?What is the price of a matinee?Substitute the number of years after 1950 that it is right now into the equation y = 0.50(1.06)x. (For instance, if it is 2006, use x = 56.) What answer did you get?Why do you think this is the same or different from the first answer you gave in this question? 