Philip is the best contractor in town,and he earns $400,000 a year.Billy is an average contractor in town,and he earns $80,000 a year.Philip's contracting services

Question

Quizplus · Accepted Answer

Philip's higher income suggests that his contracting services are valued more by the market relative to Billy's. This could be due to factors such as reputation, skill level, or demand for his services. It is not necessarily the case that Philip's services are more expensive than Billy's, as the market may be willing to pay a premium for higher quality work.

Philip Is the Best Contractor in Town,and He Earns $400,000