In Tokyo, Construction Workers Earn an Average of ×420,000 (Yen)

question 2

Multiple Choice

In Tokyo, construction workers earn an average of ×420,000 (yen) per month with a standard deviation of ×20,000, while in Hamburg, Germany, construction workers earn an average of €3,200 (euros) per month with a standard deviation of €57. Who is earning relatively more, a worker making ×460,000 per month in Tokyo or one earning €3,300 per month in Hamburg?

• A)The workers are the same in relative terms.
• B)The Tokyo worker is relatively better off.
• C)The Hamburg worker is relatively better off.

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Definitions:

Consumption Situation

A consumption situation refers to the context or environment in which a consumer engages with a product or service, influencing their purchasing decision and experience.

Purchase Environment

The setting or context in which a consumer buys a product or service, including the physical store, online presence, and the overall purchasing atmosphere.

Psychological Situation

The state of an individual's mental and emotional condition in response to their environmental circumstances.

Co-consumers

Other customers present during one's buying or consumption experience, influencing one's perceptions and behavior.