An employee asks her boss whether she can transfer offices so that she can work in a different part of the country. The boss responds positively and says that the employee can choose to work in...


An employee asks her boss whether she can transfer offices so that she can work in a different part of the country. The<br>boss responds positively and says that the employee can choose to work in Moncton, Vancouver, or Toronto. The boss then<br>hands the employee a list, as shown in the table below, of the salaries that she would earn in the different cities and the<br>average price levels in those cities.<br>Office location<br>Salary ($)<br>CPI<br>Moncton<br>75, 000<br>100<br>Vancouver<br>110, 000<br>160<br>Toronto<br>170, 000<br>205<br>a. From a standpoint of maximizing the employee's consumption possibilities, she should choose (Click to select)<br>Instructions: Round your answer to the nearest whole number.<br>b. The minimum salary in Toronto the boss could offer the employee to make her indifferent between moving to Moncton<br>and to Toronto is $<br>

Extracted text: An employee asks her boss whether she can transfer offices so that she can work in a different part of the country. The boss responds positively and says that the employee can choose to work in Moncton, Vancouver, or Toronto. The boss then hands the employee a list, as shown in the table below, of the salaries that she would earn in the different cities and the average price levels in those cities. Office location Salary ($) CPI Moncton 75, 000 100 Vancouver 110, 000 160 Toronto 170, 000 205 a. From a standpoint of maximizing the employee's consumption possibilities, she should choose (Click to select) Instructions: Round your answer to the nearest whole number. b. The minimum salary in Toronto the boss could offer the employee to make her indifferent between moving to Moncton and to Toronto is $

Jun 07, 2022
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