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MatroZZZ [7]
3 years ago
15

Financial aspects of employment

Business
1 answer:
padilas [110]3 years ago
7 0

Answer:

Wang Min's situation:

Boston: 151

San Francisco: 135

If Wang Min wishes to consider a similar offer in Boston, the offer should be for at least = ($25,000/135) x 151 = <u>$27,963</u>. Since San Francisco is "cheaper" than Boston, she should earn more money in Boston in order to consider a comparable offer.

Roger's situation:

Cleveland: 99

San Francisco: 135

If Roger wishes to consider a similar offer in Cleveland, the offer should be for at least = ($30,000/135) x 99 = <u>$22,000</u>. Since San Francisco is "more expensive" than Cleveland, he should earn less money in Cleveland in order to consider a comparable offer.

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<h3><u>Why Did Friedman Argued So?</u></h3>
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Correct Question - Milton Friedman argued that consumers are more likely to alter their behavior based on

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