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A graduate student has four job offers, and needs to accept one. The following table lists the four jobs:
These are on a scale of 0 - 10, larger number being better
Job
Salary
Attractiveness of Job
Ease of Commuting
Quality of Life
Children's School
1
$48,000
8
4
7
6
2
$52,000
3
$50,000
$51,000
5
1. Are there dominated alternatives? If so, which ones?
2. The student faces the following tradeoffs:
Review the entire job offers that the graduate student has received, considering all of the tradeoffs listed above. Which choice is best choice in terms of salary for this student? Which choice is the worst choice in terms of salary? Please provide rationale and reasoning for your answers.
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