The current price level in the U.S. is $14,000 per consumption bundle, and 10,000 per

consumption bundle in the U.K.. The current exchange rate is $1.65/. You are trying to decide

between two job offers. One consulting firm offers you $150,000 per year to work in its New York

office. A second consulting firm wants you to work in its London office with an offer of 100,000

per year. Assume you are indifferent between working in the two cities if the purchasing power of

your salary is the same. Which offer should you take? Explain.