Question
Andrew is offered a job in City A, where the CPI is 80, and a job in City B, where the CPI is 125. Andrew's
Andrew is offered a job in City A, where the CPI is 80, and a job in City B, where the CPI is 125.
Andrew's job offer in City A is for $42,000. How much does the City B job have to pay in order for the two salaries to represent about the same purchasing power?
a. $74,667
b. $65,625
c. $60,900
d. $52,500
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
