You are indifferent between working in the two cities

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The current price level in the U.S. is $14,000 per consumption bundle, and £10,000 per consumption bundle in the U.K.. The current exchange rate is $1.65/£. You are trying to decide between two job offers. One consulting firm offers you $150,000 per year to work in its New York office. A second consulting firm wants you to work in its London office with an offer of £100,000 per year. Assume you are indifferent between working in the two cities if the purchasing power of your salary is the same. Which offer should you take? Explain.

Reference no: EM131848341

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