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You are offered a job for $60,000 in Oklahoma where the Regional Price Parity stands at 91.3. You would rather live in California where the

You are offered a job for $60,000 in Oklahoma where the Regional Price Parity stands at 91.3. You would rather live in California where the Regional Price Parity is measured at 111.2. How much would you need to earn in California to have the same standard of living as you would have in Oklahoma? a. $49,263 b. $65,717 c. $66,720 d. $73,078 e. $78,992

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