Scenario 6-4
Quinn has job offers in Wrexington and across the country in Charlieville. The Wrexington job would pay a salary of $50,000 per year, and the Charlieville job would pay a salary of $40,000 per year. The CPI in Wrexington is 150, and the CPI in Charlieville is 90.
-Refer to Scenario 6-4. If Quinn only cares about maximizing her purchasing power, then she should
A) take the Charlieville job.
B) take the Wrexington job.
C) take either job because they both have the same purchasing power.
D) The answer cannot be determined from the information given because a salary is not the same as purchasing power.
Correct Answer:
Verified
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