Which job should he have accepted

Reference no: EM13188769

Upon graduation in 2010, Sam received two job offers as an economic consultant, one in Toronto, Ontario, and the other in Halifax, Nova Scotia. Assume that both jobs were equally interesting to Sam and that he was indifferent between relocating to Toronto or staying in Halifax. Both positions offered a salary of $52,000.
For 2010, the Toronto CPI was116.5 and the Halifax CPI was 117.6 (base year 2002).

If Sam was only concerned about the purchasing power these salaries offered him, how much would he have to earn in Toronto to have the same purchasing power as in Halifax, with a salary of $52,000? If Sam was only concerned about the purchasing power these jobs offered him, which job should he have accepted?

Reference no: EM13188769

Questions Cloud

Find the largest possible volume of the box : If 2000 square centimeters of material is available to make a box with a square base and an open top, find the largest possible volume of the box.

Why might the market exchange rate change a lot : The country now tightens up on (reduces) its money supply dramatically. The country's product price level is not immediately affected, but the price level gradually becomes lower (relative to what it otherwise would have been) during the next seve..

Derive an equation for p0 as a function : A loan of P0 which accrues an interest i per period is to be paid of with a uniform gradient annuity with initial payment A and gradient G over n periods. Thus, the change in the amount of principal is governed by Pn =Pn-1(1+i)-A0 -(n-1) G (1)

How fast is the water level rising : A trough is 20 ft long and its ends have the shape of isosceles triangles that are 1.5 ft across at the top and have a height of 1 ft. If the trough is being filled with water at a rate of 11 ft3/min, how fast is the water level rising when the wa..

Which job should he have accepted : one in Toronto, Ontario, and the other in Halifax, Nova Scotia. Assume that both jobs were equally interesting to Sam and that he was indifferent between relocating to Toronto or staying in Halifax. Both positions offered a salary of $52,000.

Find the dimensions of the new corral : an existing rectangular corral such that the total area of the new corral is 1.5 times that of the original corral. the current corral's dimensions are 250 feet by 160 feet. The rancher wants to increase each dimension by the same amount.

Write a java program to read sequences of integers : Write a Java program to read sequences of integers from a text file, build a binary search tree for each sequence by inserting numbers in the sequence one after another into the search tree, and plot a picture of the finished tree.

What is the means number of on time flights per 15 flights : if an air flight arrives on time .60% of the time and 15 flights are observed, what is the means number of on time flights per 15 flights.

Are there any qualitative factors that should be considered : Management is often faced with the alternative of continuing to make a product or component internally, or going to an external source and purchasing the product or component. In gathering relevant information for these two alternatives, briefly i..

User Account

All Pages