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Q3. You are considering two job offers, one in Lahore and the other in Karachi. In Lahore, the consumer price index is 127.3 and in

Q3. You are considering two job offers, one in Lahore and the other in Karachi. In Lahore, the consumer price index is 127.3 and in Karachi the index is 94.8.If you have been offered Rs.150,000 for Lahore and Rs. 120,000 in Karachi, which job will you choose? You may assume that the two jobs are otherwise similar. Use the Lahore index as a base.

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