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brilliants [131]
3 years ago
7

Alex doesn't care about where he lives, but he does care about what he eats. Alex spends all his money on restaurant meals at ei

ther American (x_a) or French restaurants (x_f). His firm offers to transfer him from its Austin office to its Paris office, where he will face different prices. The firm will pay him a salary in euros such that he can buy the same bundle of goods in Paris that he is currently buying in Austin.
1. Will Alex be better off in Paris if the relative prices between American and French meals (p_a/p_f) are lower in Paris than Austin? Why?
2. Will Alex be better off in Paris if the relative prices between American and French meals (p_a/p_f) are higher in Paris than Austin? Why?
Business
1 answer:
Levart [38]3 years ago
5 0

Answer:

Part 1). Yes, Alex be better off in Paris if the relative prices between American and French meals (p_a/p_f) are lower in Paris than Austin because his capability to buying goods growths so his cash is fundamentally value more locally.

Part 2) No, Alex be better off in Paris if the relative prices between American and French meals (p_a/p_f) are higher in Paris than Austin because even though he can buying the same components, they will cost extra, and he will consume less goods than living in Austin

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blagie [28]
Hello,

Here is your answer:

I think the proper answer to this question will be option A "select a site". That's just because when planing a convention you have to find a place to hold it, form the committee, write the program, and then you have to write invites.

Your answer is A!

If you need anymore help just ask me!
7 0
2 years ago
Roma and Swain are partners in Roma & Swain Attorneys, LLP, a limited liability partnership. Roma supervises their firm's as
meriva

Answer:

b. Roma and Taylor

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4 0
3 years ago
As a policy option for regulating natural monopoly, average (total) cost pricing is attractive because Select one: a. the result
ASHA 777 [7]

Answer: c. it ensures productive efficiency.

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3 years ago
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