Suppose you get two job offers when you graduate. First offer is in LA and pays $9,000
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Question:
Suppose you get two job offers when you graduate. First offer is in LA and pays $9,000 per month. The price of food in LA is $1 and price of housing is $5. The second offer is in San Francisco and pays $15,000. Both food and housing are more expensive in SF at price of food is $2 and price of housing is $5 respectively. If your utility function is U (F, H) = F1/3H 2/3, which job should you pick?
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