Question
Jack an economist is offered a job in Cleveland with a wage of $80,000/ year while in Los Angeles a similar job is offered at
Jack an economist is offered a job in Cleveland with a wage of $80,000/ year while in Los Angeles a similar job is offered at $90,000/ year. The CPI in the current year in Cleveland is 140 while in Los Angeles is 180. Which offer he should accept and show numerically why.
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
